JPMorgan Expands Research to Private Firms, Starting With OpenAI

JPMorgan pushes into private company coverage as Wall Street eyes growing opportunity

JPMorgan Chase is moving beyond traditional equity stock coverage. Getty ImagesJPMorgan on Friday said its research analysts will start covering privately held companies.The shift comes amid shrinking IPOs and growing opportunity and influence in the private sector.The company's first private company research report focused on ChatGPT maker OpenAI.JPMorgan Chase is doing something it's never done before: publishing equity research on a private c…

JPMorgan Expands Research to Private Firms, Starting With OpenAI

JPMorgan Chase & Co. is expanding research coverage to private companies in the Wall Street bank’s latest effort to capitalize on the rapidly growing field.

JPMorgan eyes new research frontier with coverage of private firms, source says

JPMorgan Chase has begun publishing research notes on prominent private companies transforming industries, a person familiar with the matter told Reuters on Friday. With many industry-leading private companies delaying public listings, they are attracting a growing share of investor capital, prompting institutional investors to track them more closely at earlier stages. Companies such as ChatGPT-maker OpenAI, Elon Musk’s SpaceX and TikTok-parent…

OpenAI Won't Be Profitable Until 2029 & "Test" Investor Expectations, Says JPMorgan

Investment banking giant JPMorgan believes that AI leader OpenAI is unlikely to achieve profitability before 2029. JPMorgan released a note about OpenAI today, in which it shared that 75% of OpenAI's revenue is from customer subscriptions. OpenAI had 500 million weekly active users in March, with the investment bank adding that it will be difficult for the firm to maintain a sustainable competitive advantage over rivals such as Google in the lon…