$GT In the past, the way investors typically got to know a tech company was fairly simple: wait for the company to go public, then participate in its growth through trading in the public markets. But with the rapid development of the AI industry, this model is changing. Leading companies in the field of artificial intelligence often have faster development and stronger industry influence. Before their official IPO, they already attract significant capital attention through technological breakthroughs, product deployment, and ecosystem building. As a result, the market’s assessment of a company’s value has also started to move forward—from after the IPO to before it.

OpenAI is a representative company of this trend. From driving the widespread adoption of generative AI with ChatGPT to large-model technology gradually becoming an important foundation for enterprise digitalization, OpenAI’s development path is different from that of traditional tech companies. It is not only a company that provides AI products, but is also becoming part of the artificial intelligence industry ecosystem