Reported 3 days ago
Though OpenAI is not publicly traded, its recent announcements have significantly influenced the stock market, especially impacting shares in e-commerce and software companies. Its instant buy feature in ChatGPT caused a surge in stocks like Shopify and Etsy, while new internal tools led to declines for many software firms. With its growing power and a recent valuation of $500 billion, OpenAI's events are increasingly critical for investors as they look for clues on its next moves and potential market disruptions.
Source: YAHOO