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Microsoft CEO Satya Nadella announced that the company's AI business is on track to surpass an annual revenue run rate of $10 billion next quarter, marking the fastest business in Microsoft's history to reach this milestone. Additionally, Microsoft $MSFT plans to triple its data center capacity by June 2025 to meet the growing demand for AI. OpenAI is projecting $11.6 billion in revenue next year, up from approximately $3.4 billion, indicating a 240% growth.
The top pure play *public* AI software company (Palantir) is valued at 30x revenue (NTM), with the broad software market at 5.4x (median). Meanwhile, many *private* AI companies are valued at 200x ARR or more. Something’s gotta give.
Discover how a leading company expects its AI revenue to triple in the coming years. This significant growth highlights the potential of artificial intelligence in today's market. Read more to uncover the strategies behind this ambitious prediction. https://t.co/wtLyV6UTzR
This factoid is so remarkable it bears repeating. @OpenAI is projecting it will hit $11.6B in revenue next year, up from ~$3.4B (H/T @CBinsights). That's 240% growth on a $3.4 billion base. No wonder VCs are throwing money at AI hand over fist. Has any company ever grown… https://t.co/Px5NkiJle5