Kobeissi Letter's Detailed Analysis of OpenAI's Mega Investment Round: A Major Turning Point for the AI Sector

A surprising move has occurred in the artificial intelligence industry. OpenAI, supported by some of the world’s leading technology companies, has reached a new milestone for the company. This development, analyzed by Kobeissi Letter, has triggered different reactions in the cryptocurrency and stock markets.

What Happened During OpenAI’s $110 Billion Funding Round?

According to Kobeissi Letter, the figures raised in OpenAI’s latest funding round are quite impressive. The company’s valuation reaching $730 billion is a bright example of how quickly an AI company can grow.

The sources of this funding round are quite interesting. Investments of $50 million from Amazon, and $30 million each from SoftBank Group and Nvidia, demonstrate how seriously these three tech giants are investing in AI. The investors’ choices are not random — Amazon and Nvidia, in particular, plan to establish long-term partnerships with OpenAI in the areas of computer infrastructure and hardware.

Enterprise-level AI applications are accelerating. Companies are turning to AI solutions to increase efficiency and reduce operating costs. The company founded by Jack Dorsey, owner of Block, reduced its staff from 10,000 to 6,000 after integrating AI, resulting in significant cost savings. Similar situations are happening in other large organizations as well.

How Did the Cryptocurrency and Stock Markets React?

The news of this funding, followed by Kobeissi Letter, did not generate as strong a reaction in the stock and crypto markets as expected. The stock side showed mixed results.

Looking at Barchart data, among AI-themed stocks over the past five days, SoundHound AI Inc. (SOUN) performed the best, gaining 11.88%. Guardforce AI Company (GFAI) came second with a 9.56% increase, while Intel Corp (INTC) completed the top five with a 3.24% rise.

However, the stocks of the main companies involved in the news did not move as expected. Amazon’s stock fell by 0.93%, and Nvidia (NVDA) decreased by 4.4%. SoftBank’s stock remained unchanged. Considering Nvidia’s 1% increase over the past three months, this short-term decline appears to be a temporary reaction.

The cryptocurrency sector, on the other hand, generally experienced a 1% increase. Weekly results among AI-focused cryptocurrencies varied. Near Protocol (NEAR) rose by 6.6%, and Internet Computer (ICP) exceeded 13%. Filecoin (FIL) increased by 5%, while Bittensor (TAO) declined by 1%. Render Network (RENDER) fell by 4.4%.

What Is Expected from Worldcoin (WLD) in Terms of Technical Formation?

Although expected to be directly affected by OpenAI’s investment news, Worldcoin did not show any notable movement in the market. WLD is trading at the top of a large descending triangle formation on a three-day chart.

Current price data shows that Worldcoin remains around $0.31. There has been a 0.47% decrease in the last 24 hours. From a technical analysis perspective, these price levels are considered an important support zone.

Some analysts suggest that with this mega round, Worldcoin could also gain strong momentum. If this scenario occurs, WLD could break out of its consolidation zone and reach higher levels. The possibility of returning to the $10 level seen at the beginning of 2024 increases if such a breakout happens.

However, investors should be patient. It may take time for the market to fully price in the funding news, and the expected movements could occur with a delay. Contrary to short-term market reactions, the long-term trend may provide more meaningful signals.