The co -founder of Thoma Bravo, Orlando Bravo, said reviews for artificial intelligence Companies are “in a bladder” and compare it with the DOT com era.
A major difference in the market, however, is that large companies finance KI companies with “healthy balance sheets”.
From June, the private equity company from Bravo has more than $ 181 billion in assets and focuses on the purchase and sale of tech companies that have invested a significant piece of its portfolio in cyber security.
Bravo said on Tuesday that investors “Squawk on the Street” from CNBC can estimate an annual recurring sales company of $ 50 million for $ 10 billion.
“Ultimately, this company has to produce one billion dollars for the free cash flow to double the money of an investor,” he said. “Even if the product is correct, even if the market is on the right, that’s a large order, manager.”
Openai Recently, a secondary stock sale has been completed, which would estimate the Chatgpt manufacturer at 500 billion US dollars. The company is expected to achieve income of $ 13 billion for 2025.
Nvidia recently said it would invest up to 100 billion US dollars in OpenaaiPartly to help the chatt maker rent its chips and build supercomputing facilities in the coming years.
Other public companies have increased in relation to AI promises, whereby the market capitalization rose from Palantir to $ 437 billion, which rose to the 20 most valuable listed companies in the USA, and applovine worth $ 213 billion.
Even the early stages ratings are massive in AI, whereby the memorial laboratory affects $ 12 billion for a sowing round of $ 2 billion.
Despite the inflated figures, Bravo emphasized that there is a “big difference” between the DOT com collapse and the current landscape of AI.
“Now you have some really big companies and some large balance sheets and healthy balance sheets that finance this activity, which is different than about 25 years ago,” he said.
