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OpenAI may lose $5 billion this year and could run out of cash in 12 months unless they raise additional capital from VCs
The world's most valuable AI startup OpenAI reportedly burned $4 billion this year already on cloud costs alone and may spend another $3 billion+ on model training, as per The Information.
Meanwhile, their annualized revenue is around $3.4B.
In addition, given that Zuck's Meta just released their open-source Llama 3.1 model - giving you GPT-4...
The world's most valuable AI startup OpenAI reportedly burned $4 billion this year already on cloud costs alone and may spend another $3 billion+ on model training, as per The Information.
Meanwhile, their annualized revenue is around $3.4B.
In addition, given that Zuck's Meta just released their open-source Llama 3.1 model - giving you GPT-4...
![OpenAI is running out of cash](https://sgsnsimg.moomoo.com/sns_client_feed/102728403/20240725/9b65838abaebcd2e7f889e7686a5cca1.png/thumb?area=101&is_public=true)
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soonji3
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Good morning, traders. Happy Wednesday, July 24th. Tesla missed earnings Tuesday night, and the stock dropped 11% in early trading Wednesday. The firm reported adjusted earnings of 52C, a share on revenue of $25.5B, lower than the estimated 62C. Based on moomoo data, huge outflows from the stock came from small-value traders. Tesla ripped the Nasdaq lower.
My name is Kevin Travers, and I'm coming to you live for the first time; we were push...
My name is Kevin Travers, and I'm coming to you live for the first time; we were push...
![Tesla Pulls Back Hard as Market Falls | Herd on Wall St.](https://1500015405.vod2.myqcloud.com/f7703b98vodtransuse1500015405/004c62c81253642701755182699/coverBySnapshot/coverBySnapshot_10_0.jpg)
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soonji3
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$Vertiv Holdings(VRT.US$ damn it. Good result yet sinking.
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soonji3
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$ManulifeReit USD(BTOU.SG$ come on man, go go go no stop
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soonji3
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$ManulifeReit USD(BTOU.SG$ first rate cuts going 0.150 and 2nd rate cut going 20cents
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soonji3
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$Vertiv Holdings(VRT.US$ it means bulls have totally overpowered the bears for today. very bullish. if CPI figures are good tmr, this thing will explode
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soonji3
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The short trading day of July 3rd ended with a fresh all-time highs for the $Nasdaq Composite Index(.IXIC.US$ and the $S&P 500 Index(.SPX.US$.
UPDATE: The Nasdaq closed at a fresh high, at 18,188.30, and the S&P 500 closed at 5,537.02.
Anyway, my name is Kevin Travers, here are stories from the moomoo herd on Wall Street today.
$Paramount Global-B(PARA.US$ was the highest gainer on the S&P 500, climbing 9% after news of its deal to sell off Nati...
UPDATE: The Nasdaq closed at a fresh high, at 18,188.30, and the S&P 500 closed at 5,537.02.
Anyway, my name is Kevin Travers, here are stories from the moomoo herd on Wall Street today.
$Paramount Global-B(PARA.US$ was the highest gainer on the S&P 500, climbing 9% after news of its deal to sell off Nati...
![Fresh High for a Short Day | Herd on Wall Street](http://1500015405.vod2.myqcloud.com/f7703b98vodtransuse1500015405/e10ce6fb1253642700133918528/coverBySnapshot/coverBySnapshot_10_0.jpg)
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$Vertiv Holdings(VRT.US$ Moving in tandem with Nvidia. Give it time, it will recover.
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soonji3
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Morning mooers! It's Tuesday, June 11th. The market hit highs yesterday and is pulling back, the story of June so far.
My name is Kevin Travers, here are stories from the herd on Wall Street today.
$Apple (AAPL.US)$ was the highest gainer on the S&P 500 and Dow up about 3% after investors sold the news Monday when the firm announced Apple Intelligence- upgrades to Sirir that use GTP 4 to help answer questions a...
My name is Kevin Travers, here are stories from the herd on Wall Street today.
$Apple (AAPL.US)$ was the highest gainer on the S&P 500 and Dow up about 3% after investors sold the news Monday when the firm announced Apple Intelligence- upgrades to Sirir that use GTP 4 to help answer questions a...
![Apple Hits Record After Selling the AI News, Market Slow | Herd on Wall Street Podcast](https://1500015405.vod2.myqcloud.com/57f4fa2avodtransusw1500015405/03035f261397757888194693756/coverBySnapshot/coverBySnapshot_10_0.jpg)
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