This year has been marked by significant developments for investors, including the emergence of "Liberation Day," ongoing tariffs, the acceptance of cryptocurrency by major financial institutions, and three interest rate cuts by the Federal Reserve.
However, the Yahoo Finance editorial team has chosen OpenAI as its Company of the Year, recognizing the pivotal role of AI in shaping the current landscape.
OpenAI Named Company of the Year
The selection process narrowed down to two contenders: Nvidia, a previous winner in 2016, and OpenAI, the creator of ChatGPT. Ultimately, OpenAI secured the title.
OpenAI CFO Sarah Friar acknowledged the recognition, stating, "It has been a busy year. We're energized to get an award like this. It really cements, I think, what ChatGPT has become, which is the world's default intelligence layer." She further emphasized the importance of compute as the foundation for the next era of AI and highlighted OpenAI's transition to a public benefit corporation, its successful capital raise, and the growing ecosystem support.
Rapid-Fire Q&A with Sarah Friar
Here's a glimpse into a quick Q&A session with Sarah Friar, offering insights into her perspective on OpenAI and leadership.
- Yahoo Finance: It's 2035. What is the biggest impact OpenAI has had?
- Sarah Friar: Mass intelligence will be accessible globally, fundamentally altering our world, much like the introduction of electricity or the internet.
- Yahoo Finance: OpenAI CEO Sam Altman in one word?
- Friar: Curious.
- Yahoo Finance: Best career advice you ever received?
- Friar: Don't strive for unattainable perfection.
- Yahoo Finance: What's your superpower?
- Friar: Tireless dedication. I am determined to complete tasks, fueled by curiosity, similar to Sam.
- Yahoo Finance: What is the quality you value most in leaders?
- Friar: Steadfastness. Their actions must align with their words.
FAQs
Why was OpenAI chosen as Yahoo Finance's Company of the Year over Nvidia?
While Nvidia was a strong contender (and a past winner), OpenAI's ChatGPT was recognized for its pivotal role in shaping the current landscape through AI. The award acknowledges ChatGPT's impact as the world's default intelligence layer.
What are OpenAI's main priorities and achievements that led to this recognition?
According to CFO Sarah Friar, key achievements include transitioning to a public benefit corporation, a successful capital raise, and growing ecosystem support. She also emphasized the importance of compute as the foundation for the next era of AI.
What does OpenAI's CFO predict will be the biggest impact of AI by 2035?
Sarah Friar believes that by 2035, mass intelligence will be accessible globally, fundamentally altering our world in a way comparable to the introduction of electricity or the internet.
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