The $730 Billion Illusion: OpenAI and the Era of Circular Capitalism
OpenAI, the San Francisco laboratory that birthed the generative artificial intelligence boom, has closed a funding round of $110 billion. The transaction assigns the company a pre-money valuation of $730 billion. To put that in perspective, a startup that was a niche non-profit a decade ago is now worth more than the market capitalization of JPMorgan Chase or the annual GDP of Switzerland.











