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An illustration of OpenAi's growth as a startup with dollars hanging as fruits on a tree.
Illustration: Loy Okezie / Techloy.com

📈 Insight Loop: The Startup That Outgrew the Word ‘Startup’

This month, OpenAI reminded everyone that “startup” doesn’t mean small anymore.

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by Emmanuel Oyedeji
🌐
Insight Loop is Techloy’s data-focused monthly newsletter for paid subscribers that dives deep into the numbers shaping technology and the industries around it. Become a Techloy premium member today to access all of our coverage.

In October, we watched OpenAI redefine what’s possible for a startup, hitting $500 billion and officially becoming the world’s most valuable private firm. For context, that puts it ahead of SpaceX and in the same league as some of the biggest names in Silicon Valley that have even gone public.

Honestly, it’s not that surprising when you remember it’s an AI company at the center of everything: the tech, the hype, the headlines. That visibility, being the first to put cutting-edge AI in everyday hands, has made OpenAI the face of an entire industry. But whether it can turn that hype into real profits is the next chapter, but for now, OpenAI owns the moment.

Emmanuel Oyedeji profile image
by Emmanuel Oyedeji

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