OPENAI

The company behind ChatGPT, OpenAI turned a research lab into the reference point for modern artificial intelligence. It builds large language models, the GPT series, along with image and video generators and an API that thousands of other products are built on top of. Founded in 2015 as a nonprofit, it later added a for-profit arm to raise the capital that training frontier models demands, with Microsoft as its largest backer and cloud partner. Revenue comes from ChatGPT subscriptions, enterprise deals and API usage, though the cost of compute means the business still spends far more than it earns. It remains privately held, so most investors cannot buy it directly, which is exactly why interest in any exposure runs high. The open questions are competition from Google and others, and whether its unusual corporate structure holds.

On MyRWA, OPENAI trades tokenized across 18 on-chain venues - see the listings below.