Part 4/11:
The language around these mega-valued AI firms has given rise to a new term: stupacorns—a playful hybrid of "stupid" and "unicorn." While "unicorn" was once used to describe startups valued over a billion dollars, and "decacorns" to denote those surpassing ten billion, the AI sector has introduced the this new category to describe the mega-companies exceeding one hundred billion dollars.
OpenAI, along with other giants like Nvidia, Anthropic, and XAI, are the poster children for this phenomenon. Nvidia, for example, boasts a staggering market cap of over $4 trillion, making it the clear leader in the AI hardware and software ecosystem. Meanwhile, companies like Anthropic are valued at around $185 billion, demonstrating the scale and speculative nature of the industry.