{"id":54363,"date":"2026-04-14T08:47:08","date_gmt":"2026-04-14T08:47:08","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/54363\/"},"modified":"2026-04-14T08:47:08","modified_gmt":"2026-04-14T08:47:08","slug":"cast-investoru-openai-zpochybnuje-bilionove-ohodnoceni-firmy","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/54363\/","title":{"rendered":"\u010c\u00e1st investor\u016f OpenAI zpochyb\u0148uje bilionov\u00e9 ohodnocen\u00ed firmy"},"content":{"rendered":"

Spole\u010dnost, kter\u00e1 stoj\u00ed za chatbotem s\u00a0prvky um\u011bl\u00e9 inteligence (AI) ChatGPT, na sklonku b\u0159ezna z\u00edskala od investor\u016f 122\u00a0miliard dolar\u016f (2,5\u00a0bilionu korun).<\/p>\n

Jeden z\u00a0ran\u00fdch investor\u016f podle FT ozna\u010dil OpenAI za \u201ehluboce nekoncentrovanou\u201c firmu, jej\u00ed\u017e kroky jsou pro trh ne\u010diteln\u00e9. Zat\u00edmco ChatGPT vykazuje miliardu u\u017eivatel\u016f a\u00a0ro\u010dn\u00ed r\u016fst o\u00a050\u00a0a\u017e 100\u00a0procent, veden\u00ed firmy se podle kritik\u016f za\u010dalo soust\u0159edit na vedlej\u0161\u00ed projekty, jako byla ned\u00e1vn\u00e1 akvizice technologick\u00e9 talkshow TBPN za stovky milion\u016f dolar\u016f.<\/p>\n

Podle \u010d\u00e1sti investor\u016f jde o\u00a0zbyte\u010dn\u00e9 rozptylov\u00e1n\u00ed zdroj\u016f v\u00a0kritick\u00e9 f\u00e1zi boje o\u00a0tr\u017en\u00ed pod\u00edl. Nap\u011bt\u00ed podle FT podtrhuje i\u00a0fakt, \u017ee veden\u00ed spole\u010dnosti v\u00a0intern\u00ed komunikaci vyzvalo zam\u011bstnance, aby upustili od vedlej\u0161\u00edch \u00fakol\u016f a\u00a0zam\u011b\u0159ili se na kl\u00ed\u010dov\u00fd byznys.<\/p>\n

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Firma tak\u00e9 v\u00a0posledn\u00ed dob\u011b n\u011bkter\u00e9 z\u00a0t\u011bchto vedlej\u0161\u00edch aktivit zru\u0161ila, \u0161lo nap\u0159\u00edklad o\u00a0pl\u00e1ny na erotick\u00e9ho chatbota nebo aplikaci na generov\u00e1n\u00ed vide\u00ed Sora. Kv\u016fli zru\u0161en\u00ed Sory padlo partnerstv\u00ed se spole\u010dnost\u00ed Walt Disney.<\/p>\n

Firma kritick\u00e9 hlasy rozporuje. \u201eZv\u00fd\u0161en\u00ed kapit\u00e1lu, kter\u00e9 je nejv\u011bt\u0161\u00ed v\u00a0historii, bylo v\u00edce ne\u017e pln\u011b ups\u00e1no, dokon\u010deno v\u00a0rekordn\u00edm \u010dase a\u00a0podpo\u0159eno \u0161irokou \u0161k\u00e1lou glob\u00e1ln\u00edch investor\u016f, co\u017e odr\u00e1\u017e\u00ed silnou d\u016fv\u011bru jak v\u00a0n\u00e1\u0161 sm\u011br, tak v\u00a0sou\u010dasnou dynamiku podnik\u00e1n\u00ed a\u00a0dlouhodobou hodnotu,\u201c uvedla finan\u010dn\u00ed \u0159editelka OpenAI Sarah Friarov\u00e1.<\/p>\n

Spole\u010dnost pl\u00e1nuje letos vstoupit na burzu. Podle n\u011bkter\u00fdch investor\u016f by OpenAI musela b\u00fdt ve ve\u0159ejn\u00e9 nab\u00eddce akci\u00ed ohodnocena alespo\u0148 na 1,2\u00a0bilionu dolar\u016f, aby se sou\u010dasn\u00e9 vklady vyplatily, co\u017e je p\u0159i rostouc\u00ed konkurenci a\u00a0strategick\u00e9 nejistot\u011b obt\u00ed\u017en\u011b obhajiteln\u00e9. Sou\u010dasn\u011b sv\u00e9 akcie mohl upsat na burze i\u00a0konkuren\u010dn\u00ed Anthropic. N\u011bkter\u00e9 sekund\u00e1rn\u00ed ukazatele poprv\u00e9 ukazuj\u00ed, \u017ee by o\u00a0jeho akcie mohl b\u00fdt v\u011bt\u0161\u00ed z\u00e1jem ne\u017e o\u00a0cenn\u00e9 pap\u00edry OpenAI, p\u00ed\u0161e FT.<\/p>\n

Hlavn\u00ed \u010d\u00e1st pen\u011bz v\u00a0posledn\u00edm kole financov\u00e1n\u00ed p\u0159i\u0161la od t\u0159\u00ed velk\u00fdch technologick\u00fdch spole\u010dnost\u00ed. Amazon investuje 50\u00a0miliard dolar\u016f, Nvidia a\u00a0SoftBank po 30\u00a0miliard\u00e1ch dolar\u016f. Z\u00a0\u010d\u00e1stky od Amazonu je 35\u00a0miliard podm\u00edn\u011bno t\u00edm, \u017ee OpenAI bu\u010f vstoup\u00ed na burzu, nebo dos\u00e1hne takzvan\u00e9 obecn\u00e9 um\u011bl\u00e9 inteligence (AGI).<\/p>\n

Poprv\u00e9 tak\u00e9 OpenAI z\u00edskala v\u00edce ne\u017e t\u0159i miliardy dolar\u016f od individu\u00e1ln\u00edch investor\u016f prost\u0159ednictv\u00edm bankovn\u00edch kan\u00e1l\u016f. Firma nav\u00edc ozn\u00e1mila, \u017ee bude sou\u010d\u00e1st\u00ed n\u011bkolika burzovn\u011b obchodovan\u00fdch fond\u016f (ETF) spravovan\u00fdch firmou Ark Invest, co\u017e umo\u017en\u00ed \u0161ir\u0161\u00ed ve\u0159ejnosti pod\u00edlet se na r\u016fstu spole\u010dnosti.<\/p>\n

OpenAI v\u00a0b\u0159eznu uvedla, \u017ee jej\u00ed tr\u017eby se nyn\u00ed pohybuj\u00ed kolem dvou miliard dolar\u016f m\u011bs\u00ed\u010dn\u011b. Letos OpenAI zv\u00fd\u0161ila tr\u017eby i\u00a0zaveden\u00edm reklam v\u00a0ChatGPT, co\u017e d\u0159\u00edve gener\u00e1ln\u00ed \u0159editel Sam Altman ozna\u010dil za \u201ekrajn\u00ed \u0159e\u0161en\u00ed\u201c. Firma, kter\u00e1 se dosud spol\u00e9hala hlavn\u011b na p\u0159edplatn\u00e9, ned\u00e1vno uvedla, \u017ee tr\u017eby z\u00a0reklamy v\u00a0ChatGPT v\u00a0USA za prvn\u00edch \u0161est t\u00fddn\u016f testovac\u00edho provozu v\u00a0celoro\u010dn\u00edm p\u0159epo\u010dtu p\u0159ekonaly 100\u00a0milion\u016f dolar\u016f.<\/p>\n

OpenAI podepsala \u0159adu dohod s\u00a0v\u00fdrobci \u010dip\u016f a\u00a0cloudov\u00fdmi spole\u010dnostmi, kter\u00e9 pomohly nastartovat glob\u00e1ln\u00ed r\u016fst akciov\u00fdch trh\u016f. Investo\u0159i v\u0161ak od t\u00e9 doby za\u010dali m\u00edt obavy o\u00a0schopnosti startu-upu dohody financovat, co\u017e vedlo k\u00a0\u010d\u00e1ste\u010dn\u00e9mu v\u00fdprodeji souvisej\u00edc\u00edch titul\u016f. \u0160\u00e9f OpenAI Sam Altman uvedl, \u017ee z\u00e1vazky OpenAI plynouc\u00ed z\u00a0t\u011bchto dohod \u010din\u00ed 1,4\u00a0bilionu dolar\u016f, co\u017e je v\u00edce ne\u017e ston\u00e1sobek p\u0159\u00edjm\u016f, kter\u00e9 spole\u010dnost pl\u00e1novala vygenerovat v\u00a0lo\u0148sk\u00e9m roce.<\/p>\n

V\u00fdrobce \u010dip\u016f Nvidia letos p\u0159ehodnotil p\u016fvodn\u011b ozn\u00e1menou investici do OpenAI ve v\u00fd\u0161i 100\u00a0miliard dolar\u016f na z\u00e1klad\u011b dohody, kter\u00e1 by start-upu poskytla hotovost a\u00a0p\u0159\u00edstup k\u00a0pokro\u010dil\u00fdm \u010dip\u016fm, kter\u00e9 jsou kl\u00ed\u010dov\u00e9 pro udr\u017een\u00ed dominantn\u00edho postaven\u00ed ve st\u00e1le konkuren\u010dn\u011bj\u0161\u00edm prost\u0159ed\u00ed. M\u00edsto toho se \u00fa\u010dastnil aktu\u00e1ln\u00edho kola financov\u00e1n\u00ed, v\u00a0n\u011bm\u017e investoval v\u00fdrazn\u011b ni\u017e\u0161\u00ed \u010d\u00e1stku, a\u00a0to zm\u00edn\u011bn\u00fdch 30\u00a0miliard dolar\u016f.<\/p>\n

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