OpenAI becomes a $500 billion private powerhouse, reshaping Silicon Valley with secretive spending and nonstop expansion
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OpenAI has changed how Silicon Valley operates, turning the old startup survival game into something far more unpredictable. The company, which remains privately held and secretive about its finances, has built a reputation for spending other people’s money faster and louder than any tech giant has ever done before. According to CNBC, its expansion up and down the stack (from massive data centers to coding tools and consumer devices) has left the startup scene struggling to find breathing space. In less than three years, OpenAI has gone from a startup led by ex–Y Combinator head Sam Altman to a $500 billion heavyweight. It is now building data centers approved by the White House and teaming with Nvidia, the world’s most valuable company. OpenAI’s flagship ChatGPT chatbot now serves 800 million users every week, while its new Sora video app hit one million downloads in under five days. At DevDay in San Francisco, attended by around 1,500 developers, Sam announced that Codex, the company’s software engineering agent, is now fully available, and Sora 2 can be accessed through the API. Investors chase niches as OpenAI dominates every lane Nina Achadjian, a partner at Index Ventures, said the biggest question for entrepreneurs is, “Where is the white space?” Her firm just led a $25 million round in Quilter, a startup using AI for printed circuit boards, founded in 2019 by ex-SpaceX engineer Sergiy Nesterenko. Nina described the company as “pretty niche” and “not built on top of any model.” She explained that OpenAI probably won’t compete in such a deep engineering space dominated by firms like Cadence Design and Synopsys, but still, “there is no predictability,” she said. Relative to past cycles, “it’s more opaque and hard to predict which direction those guys are going to go.” At DevDay, Sam appeared on…
Filed under: News - @ October 11, 2025 10:27 pm