$MSFT just invested $10B in the private company OpenAI, the owner of Chat GPT, valuing the overall business at over $29B! There is a public company called Genius Sports (GENI) who owns the video version of Chat GPT through their Second Spectrum acquisition. They currently create new and actionable data from live sports broadcasting. The data has use in their sports betting business as well as enabling teams to use the data to create insight for better team performance. Their technology can be used across all video to create actionable insight beyond just sports. They are the Chat GPT of video! Stock currently has $1B valuation that is based solely on the growth of data they provide to sports betting companies to run their business. OpenAI is expected to do $200M in total revenue for 2023, Second Spectrum will do $25M in revenue. Why isn't Second Spectrum worth $3.6B based on Chat GPT's recent valuation for the video version of Chat GPT? Would add about $16 per share to the current $4.80 share price of $GENI. (Am long 400k shares)
Leave a Reply