OpenAI Named Yahoo Finance’s Company of the Year Amid Record Losses and Market Surge
OpenAI has been crowned Yahoo Finance’s Company of the Year despite posting record losses of $1.4 trillion, the largest in history. The AI giant’s shift to a for-profit structure, aggressive infrastructure investments, and landmark partnerships with Microsoft, Oracle, AMD, and Nvidia have fueled its meteoric rise. Private shares soared 153% this year, valuing the startup at $500 billion, with CFO Sarah Friar declaring it 'day one of the next phase' for OpenAI.
The company’s influence on markets is undeniable. AMD shares jumped 24% in a single day following a multibillion-dollar deal announcement, while Oracle’s stock climbed 38% after revealing a $300 billion data center partnership. HSBC projects OpenAI’s consumer and enterprise LLM revenue could reach $129 billion and $386 billion, respectively, by 2030. With 800 million weekly active users and 1 million businesses onboarded, OpenAI’s trajectory mirrors the explosive growth of cryptocurrencies during their early adoption phase.