Unicorns R Us

Despite recent jumps in valuation for OpenAI and SpaceX, ByteDance is still the world’s highest-valued unicorn, says CB Insights.

ByteDance which owns TikTok has a valuation of $225 billion, ahead of SpaceX’s $200 billion and OpenAI’s latest valuation of $157 billion.

Earlier this month,  OpenAI raised $6.6 billion in fresh funding, almost doubling its priorts valuation of $80 billion.

The remainder of the top list is made up of corporations from the apparel (Shein and Fanatics), fintech (Stripe and Revolut) and software (Databricks) sectors.

While OpenAI and Databricks are the only dedicated AI companies, ByteDance has also been focusing on genAI  recently, launching a suite of LLMs under the brand name Doubao in May.

.According to comments by CEO Sam Altman, reported by The Information, OpenAI’s annualised revenue doubled to $3.4 billion between late 2023 and June 2024.

CB Insights reckoms that the world has around 1,200 Unicorns.