Open AI's $300M Revenue

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Open AI securities

TheStreet

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Open AI: Burning cash and losing billions

Summary

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80% Informative

AI is touted as the most important development in technology since the Internet emerged in the 1990s .

Many stand-alone companies are still in the mode of proving an addressable and profitable market for their offerings.

Profits, however, are not yet a thing.

Open AI is trying to raise $6.5 billion to $7 billion in new capital to help convert itself into a for-profit venture.

Companies with longer track records and great balance sheets might be a conservative way to go. Related: The 10 best investing books, according to our stock market pros.

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