Perspective

The Canonical OpenAI

By Kyle Harrison

Updated

November 22, 2025

Reading Time

2 min

After launching ChatGPT in November 2022, OpenAI saw faster user growth than any other company in history. But ChatGPT wasn’t just a watershed moment for OpenAI. It was a defining moment for the tech industry as a whole.

In the years since, the tech landscape has been reshaped by an unprecedented frenzy of hype, capital, talent, and innovation all flowing into AI. OpenAI itself has grown into a formidable force within tech, rivaling the Mag 7 in both scale and importance, having grown to a valuation of $500 billion as of October 2025. The company is on track to exceed $12.7 billion in revenue in 2025, with over 800 million weekly users as of November 2025. It has also enmeshed itself in multi-billion dollar deals with partners such as Microsoft, Oracle, NVIDIA, and AWS, as the buildout of datacenters for compute infrastructure continues to reshape the global economy.

As such, it could easily be argued that OpenAI is the most important startup in the world. It’s almost certainly the most important that Contrary Research has ever covered. Today, we’re proud to publish our long-awaited update on OpenAI, which is intended to match the importance of its subject in its breadth and quality. We began working on this report over a year ago, and at almost 35K words, we believe it’s the most comprehensive and in-depth resource ever published on OpenAI.

Read our full company report on OpenAI here.

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Authors

Kyle Harrison

General Partner @ Contrary

Kyle leads Contrary’s investing efforts for companies from seed to scale. He’s previously worked at firms like Index and Coatue investing in companies like Databricks, Snowflake, Snyk, Plaid, Toast, and Persona.

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