OpenAI reports $11 billion in private equity funding so I would expect the valuation is not cheap. Sequoia Capital and Driesen Horowitz, Tiger Global, Coastal Adventures, Y Combinator, Reed Hoffman, one of the co-founders of LinkedIn,. There are some really big investors in this but I think part of that has to do with some of the history here and the founders.
If American Express had a problem with an aging demographic, it looks like that problem is being addressed.
(0:20) Jason Moser discusses: - Shares of AmEx popping 15% in two days off of strong guidance for 2023 - How younger customers are the majority of the company’s growth story - Why he’s going to be watching Amazon’s revenue when it reports earnings on Thursday
(11:00) Tim White and Tim Beyers discuss the implications of Microsoft’s $10 billion investment in ChatGPT.
Companies discussed: AXP, GS, AMZN, MSFT, GOOG, GOOGL
Host: Chris Hill Guests: Jason Moser, Tim Beyers, Tim White Producer: Ricky Mulvey Engineers: Rick Engdahl, Tim Sparks
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