Episode
My OpenAI thought experiment: $500B to $1.5T?
Azeem Azhar's Exponential View · Sep 10, 2025 · 30 min
Can AI stocks beat Big Tech? In this episode, I discuss OpenAI and its decision to expand a secondary share sale that lets insiders sell about $10.3 billion of stock at roughly a $500 billion valuation. Although skeptical at first, the calculations reveal there is a path for OpenAI to deliver outsized returns.