Virtually every successful tech startup throughout history has faced the reality that it could get swallowed up or run over by a large incumbent at any moment. It's part of daily life for an entrepreneur.

But the company at the center of the current boom is a different kind of beast.

Unlike industry giants of past eras, OpenAI is privately held. Its financials are mostly secretive and its ability and willingness to spend other people's money is unrivaled.

And as OpenAI has proven recently, through a dizzying array of mammoth deals and product rollouts, the artificial intelligence lab is investing up and down the stack — from the picks and shovels of data center development to consumer applications, coding tools and even devices. Its flagship ChatGPT chatbot has reached 800 million w

See Full Page