A $100 billion valuation is targeted, and it is expected to grow as the largest company in the AI field. OpenAI triggered a major boom in the AI field with its chatbot released at the end of November 2022. People saw that AI was something tangible, and many stocks, including NVIDIA, surged.
OpenAI and the $100 Billion Target
WLD Coin’s founder Sam Altman leads OpenAI, the most popular and large company in its field. Sam Altman, who is deeply involved with crypto, also believes that WLD Coin will play a significant role in identity verification in the AI-dominated future of the internet. This stance makes the future of OpenAI and Sam Altman’s increasing power important for WLD Coin.
OpenAI continues discussions for a new investment round. The company aims to secure strong investment with a $100 billion valuation and is also in talks with Apple and NVIDIA. According to reports from Bloomberg and The Wall Street Journal, based on sources familiar with the matter, trillion-dollar giants are closely interested in this issue.
According to the Journal, investment firm Thrive Capital is leading the round with a $1 billion fund. Microsoft is also in the game, having invested $13 billion to date with its 49% stake. Considering that ChatGPT’s weekly active user count has doubled to 200 million compared to the previous year, strong interest and valuation increase will not be surprising. As of May 2024, the company’s annual revenue stands at $3.4 billion.
WLD Coin Commentary
Apple and NVIDIA being mentioned in the investment round is quite significant. On the other hand, if interest multiplies and the valuation surpasses the $100 billion target, it could start a new hype period in the AI field. Considering the fluctuations in WLD Coin price following significant developments for OpenAI, this could signal potential future increases.
Things are not all rosy for WLD Coin, which is holding at the $1.44 support. Global regulatory pressure and concerns about personal data are among the long-term risks. Since it also recovered from similar bases in November 2023 and February 2024, there is potential for a rebound.
In a possible rise, if $2.23 turns into support, WLD Coin price could target the $4.48 base.
