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whip bull report, on october 7, according to yahoo finance, openai announced its latest round of financing, raising us$6.6 billion in new capital, and the company’s valuation reached us$157 billion. da davidson managing director and senior software analyst gil luria joins to discuss how the company continues to achieve amazing results.

according to the new york times, openai hopes to achieve $11 billion in sales by next year, a goal luria believes is achievable as long as certain aspects of the company go well.

however, he said that achieving the sales target of us$100 billion in 2029 is incredible, while acknowledging that openai is still a leader in artificial intelligence and related tools.

luria said big tech companies' heavy investment in artificial intelligence is driven by the fact that no one wants to be second when it comes to achieving artificial general intelligence (agi).

in the process, he noted, these companies will tackle ai challenges, such as solving complex mathematical problems, and build a host of enterprise and consumer applications around the technology. while luria acknowledged openai's leadership in content creation tools, code development tools, and image generation tools, he emphasized that the real race is still the agi race.

"agi is almost on a different path. it's a level of intelligence that can solve problems that haven't been introduced before," he told yahoo finance.