Charles Kantor, senior portfolio manager at Neuberger Berman Large Cap Growth Fund, recently discussed the potential value that OpenAI can bring to tech adopters. On the show “Bloomberg Surveillance” with Lisa Abramowicz, Kantor pointed out that OpenAI has not yet been fully accounted for in the estimated equity of the tech companies.
OpenAI is a San Francisco-based research organization that was founded in 2016. Its objective is to create and monetize Artificial Intelligence (AI) technologies. The goal is to ensure that AI benefits everyone, while also reducing its impact on climate change.
Kantor noted that OpenAI’s potential to add value can stand at 500 bps (basis points), which equates to 5% of the value. He stated that there are still some tech adopters who have not yet taken into account this potential, and their valuations could be significantly higher if they did.
In terms of Neuberger Berman, the company is one of the oldest and largest asset management organizations in the world. Founded in 1939, the firm is focused on providing investment management services and advises clients across the world. With strong fundamentals and seeking out growth opportunities, Neuberger Berman has continued to be successful in delivering value to its clients and growing its portfolio.
Charles Kantor has had a long career with Neuberger Berman and has earned numerous accolades over the span of his career. Holding the position of senior portfolio manager since 2008, Kantor has expertise in managing large cap stocks and routinely contributes to the monitoring of stocks and evaluating macroeconomic trends. With his deep investment experience, Kantor still seems to have his finger on the pulse of the market and its strong potential for growth.
