Shark Tank’s Kevin O’Leary: ChatGPT is “killing” Google’s dominance – Yahoo Finance
Shark Tank star Kevin O’Leary said he’s trying to decide whether to invest in the next funding round of ChatGPT.
“I am very fortunate to be offered to take down some equity, but it’s a $29 billion valuation with virtually no revenue… I’m looking at it,” O’Leary said on Yahoo Finance Live (video above).
OpenAI was last valued at $29 billion in an early January funding round, led by a $10 billion slug secured from Microsoft. The tech giant is integrating OpenAI’s ChatGPT AI into its Bing search engine.
“We’ll probably add a 1% weighting into ChatGPT in the portfolio that should hold that, although I’m holding my nose on valuation. I’m choking,” O’Leary added.
Two elements of ChatGPT have caught the attention of O’Leary, a savvy businessman and investor from Canada. First is the raw downloads of the ChatGPT technology which hint at significant market share gains over AI rivals into the future.
ChatGPT crossed the 100 million users milestone in January, according to recent data from…
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