Risk is two sided: Bank of America analyst warns AI giants rushing to sign deals with ChatGPT maker OpenAI
Tech giants partnering with OpenAI face a double-edged sword, warns Bank of America analyst Justin Post. These deals risk cloud provider revenue, whether OpenAI thrives or falters. The AI firm, aiming for $41 billion in revenue by 2030, is poised to become a significant competitor across search, e-commerce, and enterprise AI, potentially impacting advertising budgets too.
Tech giants partnering with OpenAI face a double-edged sword, warns Bank of America analyst Justin Post. These deals risk cloud provider revenue, whether OpenAI thrives or falters. The AI firm, aiming for $41 billion in revenue by 2030, is poised to become a significant competitor across search, e-commerce, and enterprise AI, potentially impacting advertising budgets too.
