The most valuable unicorns
Clothing companies round out the list of the most valuable private companies Shein (valuation $66 billion) and Fanatics (31 billion), fintech Stripe (70 billion) i Revolut (45 billion) and IT (software segment) Databricks (43 billion). Just OpienAI and Databricks are entities strictly focused on AI development. It also recently joined this race ByteDance. It launched a set of its own large language models called Doubao in May this year. This should only strengthen the company’s position as the most valuable unicorn.
Open AI expansion
The company, led by Sam Altman, is growing rapidly not only in terms of valuation, but also in terms of revenues. According to The Information, the company’s revenues doubled between the end of 2023 and June 2024.
The company that created ChatGPT earlier this year, in October this year, it obtained new external financing in the amount of USD 6.6 billion. The company’s previous valuation before the last round of financing was USD 80 billion, so it almost doubled in a very short time.
AI as the engine of growth
It seems that exposure to the dynamically developing AI sector is a guarantee of success for private companies. According to consulting firm McKinsey, the industry has the potential to increase global GDP by $25 trillion. According to Ben Miller of Fundrise the capitalization of companies from the artificial intelligence sector may reach USD 20 trillion by 2032. For comparison – Nvidia is “worth” just over $3 trillion today.
What are unicorns?
These are private companies (not listed on the stock exchange) whose valuation exceeds USD 1 billion. According to CB Insights, there are approximately 1.2 thousand in the world today. such entities. According to CrunchBase, there are more (1,549), including Alibaba-owned AntGroup and Reliance Industries conglomerate Reliance Retail and Reliance Jio.
A controversial issue is the use of the names unicorn or startup for companies that are supported by powerful listed companies such as Alibaba or Reliance Industries.
