Sam Altman Defends OpenAI’s Revenue Outlook Amid $1.4 Trillion Spending Questions

OpenAI Revenue Growth: Sam Altman’s Perspective

During a recent appearance on the Bg2 Pod, a popular podcast, Sam Altman, president of OpenAI, spoke out in defense of his company’s revenue growth outlook. This was in response to inquiries from investors, spurred by the company’s $1.4-trillion spending promises. Amongst those raising concerns was Brad Gerstner, an investor who has backed OpenAI through Altimeter Capital.

Addressing Investor Concerns

Brad Gerstner, whose firm Altimeter Capital invested part of their $6.6 billion fund into OpenAI, questioned the company’s high expenditure against its $13 billion revenue reported in Fortune. Altman rebutted these concerns by stating that OpenAI’s actual earnings far exceed the quoted amount.

OpenAI Shares: A Hot Commodity

Lightening the mood, Altman joked that he could easily find a buyer if Gerstner ever wanted to sell his shares in the leading artificial intelligence company. Gerstner playfully responded that he was amongst the many interested in acquiring more shares of OpenAI.

OpenAI’s Future Plans and Revenue Growth

OpenAI has ambitious plans for revenue growth, with a focus on top-line increase. Altman expressed confidence in ChatGPT’s future growth and its potential to become a crucial part of the AI-cloud. He also predicted a significant rise in the consumer device business and the value created by AI in automating scientific advances.

OpenAI Public Listing: A Hypothetical Scenario

While there is no definitive timeline for OpenAI’s public listing, Altman revealed in the Fortune interview that he occasionally wishes the company was already public. He expressed a desire to show detractors who claim ‘OpenAI is about to go out of business’ that they are wrong by letting them short the company’s shares and watch their investments falter.