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Top stories today:
- OpenAI forecasts revenue +214% to $11.6B in 2025
- Apple considers new AR headset options, including moving compute to iPhone
- Brazilās top court imposes $5M+ fine on X before it is unbanned
- Californiaās Gov. Newsom blocks controversial AI safety bill
- China urges local companies to avoid buying NVIDIAās chips
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. OpenAI forecasts revenue +214% to $11.6B in 2025 ahead of $6.5B funding round
$5B losses are expected in 2024.
ChatGPT is expected to make $2.7B in 2024, +286% from 700M in 2023
10M ChatGPT users pay $20M monthly fee.
+$2 ChatGPT price rise is forecasted by the year-end.
Over 5 years: $44 ChatGPT subscription price is projected.
OpenAI has forecasted its revenue to hit $100B in 2029
$300M OpenAIās monthly revenue in Aug., +1,700% since 2023.
~350M users on OpenAIās services each month as of Jun., vs. 100M in Mar.
1M+ 3rd-party developers use OpenAIās technology.
Thrive Capital is said to have the option to invest up to $1B more at the $150B valuation through 2025
Microsoft, Nvidia, Tiger Global, and MGX are said to also invest in the round.
However, Apple would not participate in the round.
2-year provision mandating OpenAI convert from a non-profit to a public-benefit corporation may be included.
The funding could be closed this week.
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3. Apple considers new AR headset options, including moving compute to iPhone
iPhone may replace Vision Proās on-board computer and external battery pack:
