OpenAI: A 500bps Value Booster for Tech Adopters

Date:

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.

See also  Testing of AI Systems by Microsoft, Google, OpenAI and Others at DEFCON 31 in August

Frequently Asked Questions (FAQs) Related to the Above News

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Share post:

Subscribe

Popular

More like this
Related

Obama’s Techno-Optimism Shifts as Democrats Navigate Changing Tech Landscape

Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?

Tech Evolution: From Obama’s Optimism to Harris’s Vision

Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?

Tonix Pharmaceuticals TNXP Shares Fall 14.61% After Q2 Earnings Report

Tonix Pharmaceuticals TNXP shares decline 14.61% post-Q2 earnings report. Evaluate investment strategy based on company updates and market dynamics.

The Future of Good Jobs: Why College Degrees are Essential through 2031

Discover the future of good jobs through 2031 and why college degrees are essential. Learn more about job projections and AI's influence.