The 2024 CNBC Disruptor 50: OpenAI becomes first back-to-back No. 1 company

The 2024 CNBC Disruptor 50 list has been unveiled, with OpenAI securing the top spot for the second consecutive year, a first in the list's twelve-year history. The list, which features companies that have significantly disrupted their industries, saw a higher valuation compared to the previous year. OpenAI, known for its groundbreaking ChatGPT, has achieved over $2 billion in annual revenue and an $86 billion valuation. The company continues to innovate with the launch of GPT-4.0. Artificial Intelligence (AI) was a dominant theme, with 34 of the Disruptor 50 companies stating that AI is crucial to half of their revenue. Other notable companies include Databricks, Brex, Stripe, and Anduril, all of which have made significant impacts in their respective fields.

Takeaways

• 🏆 OpenAI is ranked number one on the CNBC Disruptor 50 list for the second year in a row, marking the first time a company has achieved this distinction.
• 📈 The 2024 Disruptor 50 companies have a higher valuation compared to the previous year's list.
• 📊 Databricks, ranked fifth, uses AI to help enterprise clients organize data and has surpassed $1 billion in annual revenue.
• 💳 Brex, at number four, has expanded from providing credit lines to thousands of investors post-SVB collapse to now servicing larger firms like DoorDash and SeatGeek.
• 💵 Stripe, in the third position, has been on the list for a record tenth time and processed $1 trillion in transactions last year.
• 🚀 Anduril, ranked second, is a defense disruptor backed by venture funding and is challenging established companies like Lockheed Martin and Northrop.
• 🤖 AI has been a dominant theme on the list, with 34 out of 50 companies stating that AI is critically important to at least half of their revenue.
• 🌐 OpenAI has announced numerous business partnerships and surpassed $2 billion in annual revenue, reaching a valuation of $86 billion.
• 🔍 Generative AI is a significant focus for many companies on the list, though the transcript does not specify which ones.
• 🚀 OpenAI continues to innovate with the launch of GPT 4.0, further solidifying its position as a leader in AI technology.
• 🏢 The CEO of Stripe has stated that there is no timeline for an IPO, indicating the company's focus on internal growth and employee benefits.

Q & A

What is the significance of the CNBC Disruptor 50 list?

The CNBC Disruptor 50 list is a ranking of the top 50 companies that are revolutionizing the business world through innovation and disruption. It highlights companies that are leading in their respective fields and making a significant impact on the market.

How does the selection process for the CNBC Disruptor 50 list work?

The selection process for the CNBC Disruptor 50 list involves a quantitative evaluation and guidance from an advisory board and a new VC board. Hundreds of companies apply to be part of the list, and the top 50 are chosen based on their innovation, impact, and potential.

What was the valuation of the companies on this year's Disruptor 50 list compared to last year?

This year's Disruptors have a higher valuation compared to last year's list, indicating growth and increased recognition of their disruptive potential.

Which company is ranked fifth on the CNBC Disruptor 50 list?

Databricks is ranked fifth on the CNBC Disruptor 50 list. The company uses AI to help enterprise clients organize data and has surpassed $1 billion in annual revenue.

What significant event did Brex experience that contributed to its ranking on the Disruptor 50 list?

Brex provided credit lines to thousands of investors after the collapse of SVB (Silicon Valley Bank) and is now expanding to service larger firms, including DoorDash and SeatGeek, which contributed to its ranking on the Disruptor 50 list.

Why is Stripe notable on the CNBC Disruptor 50 list?

Stripe is notable for being on the list for a record tenth time. The company processed $1 trillion in transactions last year for a wide range of customers and is known for its innovative payment solutions.

What is Anduril's role in the defense sector?

Anduril, ranked second on the list, is a defense disruptor that is taking on established companies like Lockheed Martin and Northrop. It is actively supplying Ukraine and operating throughout the Middle East.

Why did OpenAI secure the number one spot on the CNBC Disruptor 50 list for the second consecutive year?

OpenAI secured the top spot due to its mainstream breakthrough with the innovation of ChatGPT in 2022, followed by numerous business partnerships, surpassing $2 billion in annual revenue, and reaching a valuation of $86 billion.

How many companies on the Disruptor 50 list consider AI to be critically important to their revenue?

34 of the Disruptor 50 companies consider AI to be critically important to half of their revenue, highlighting the significant role of AI in driving business growth and innovation.

What is the significance of OpenAI launching GPT 4.0?

The launch of GPT 4.0 signifies OpenAI's continued commitment to innovation in the AI space, further solidifying its position as a leader in the field and contributing to its back-to-back top ranking on the Disruptor 50 list.

What is the general sentiment regarding the IPO for Stripe?

While there has been speculation about an IPO for Stripe, the CEO has stated that the company is in no rush to become a public company and is currently focused on delivering value for its employees.

How does the CNBC Disruptor 50 list reflect the current state of innovation in the business world?

The CNBC Disruptor 50 list reflects the current state of innovation by highlighting companies that are leveraging advanced technologies like AI to create new markets, disrupt existing ones, and drive significant changes in the business landscape.

Outlines

00:00

🏆 CNBC Disruptor 50 List Reveal

The video script introduces the CNBC Disruptor 50 List, highlighting the top innovators and disruptors in the business world. The Queen and Founder of the list join the discussion to explain the selection process, which involves a quantitative evaluation and guidance from advisory boards. This year's list features companies with a higher valuation than the previous year. The top five companies are Databricks, a firm using AI for data organization; Brex, offering credit lines to investors; Stripe, a payment processing giant; Anduril, a defense disruptor; and OpenAI, known for its AI innovation, ChatGPT, and partnerships, with a significant valuation and revenue. The list emphasizes the importance of AI, with 34 companies stating its critical role in their revenue.

Keywords

💡CNBC Disruptor 50

The CNBC Disruptor 50 is an annual list compiled by CNBC that identifies the top 50 private companies in the world that are disrupting their industries and have the potential to change the business landscape. In the video, it is mentioned that the list is revealed, and companies are selected through a quantitative evaluation process with the guidance of advisory boards.

💡Quantitative Evaluation Process

A quantitative evaluation process refers to a method of assessment that relies on numerical data and statistical analysis to make decisions or judgments. In the context of the video, it is the system used by CNBC to select the top 50 companies for the Disruptor 50 list, indicating a data-driven approach to identifying innovative companies.

💡Advisory Board

An advisory board is a group of experts who provide advice and guidance to an organization's management or board of directors. In the video, the advisory board plays a role in the selection process for the CNBC Disruptor 50 list, suggesting that their insights and expertise are valued in determining the most disruptive companies.

💡Annual Revenue

Annual revenue refers to the total income generated by a company over the course of one year. It is a key financial metric that indicates a company's financial health and growth. In the video, Databricks is highlighted for surpassing $1 billion in annual revenue, showcasing its financial success and market impact.

💡Artificial Intelligence (A.I.)

Artificial Intelligence, or A.I., is the field of computer science that focuses on the development of intelligent machines capable of performing tasks that typically require human intelligence, such as visual perception, speech recognition, and decision-making. The video emphasizes A.I.'s dominance in the Disruptor 50 list, with companies like Databricks using A.I. to organize data and OpenAI creating innovative A.I. applications like ChatGPT.

💡Investors

Investors are individuals or entities that put money into financial assets with the expectation of generating a profit. In the context of the video, Brex is mentioned for providing credit lines to thousands of investors after the collapse of SVB, indicating the company's role in financial services and its impact on the investment community.

💡IPO (Initial Public Offering)

An Initial Public Offering, or IPO, is the process through which a private company goes public by offering its shares for sale to the general public in a stock exchange. The video notes that Stripe, a company on the list, has an IPO speculated but its CEO states that there is no rush to become a public company, highlighting the company's current financial stability as a private entity.

💡Defense Disruptor

A defense disruptor refers to a company that is innovating within the defense industry, often by introducing new technologies or business models that challenge traditional practices. Anduril is cited in the video as a defense disruptor taking on established companies like Lockheed Martin and Northrop, indicating its role in introducing innovative solutions in the defense sector.

💡Valuation

Valuation is the assessment of the economic value of an asset or a company, often based on its current and projected future earnings. The video mentions that OpenAI has reached a valuation of $86 billion, reflecting the market's perception of its worth and potential for growth based on its innovative A.I. technologies and business partnerships.

💡Business Partnerships

Business partnerships refer to the collaborative agreements between two or more parties to achieve common business objectives. In the video, OpenAI is noted for announcing numerous business partnerships, which have contributed to its surpassing $2 billion in annual revenue, demonstrating the strategic importance of partnerships in driving company growth.

💡Generative A.I.

Generative A.I. is a subset of artificial intelligence that focuses on creating new content, such as text, images, or music, that is similar to the content it was trained on. The video script alludes to the significance of generative A.I. in the Disruptor 50 companies, suggesting that this technology is playing a crucial role in driving innovation and revenue for these businesses.

Highlights

CNBC has revealed its Disruptor 50 List for 2024, highlighting the top innovators in the business world.

OpenAI is named the No. 1 company for the second consecutive year, a first in the list's twelve-year history.

This year's Disruptors have a higher valuation compared to last year's list, indicating a growth in innovative companies.

Databricks, ranked fifth, uses AI to help enterprise clients organize data and has surpassed $1 billion in annual revenue.

Brex, at number four, has expanded its services to larger firms after providing credit lines to thousands of investors post-SVB collapse.

Stripe, listed for the tenth time, processed $1 trillion in transactions last year and is speculated to go for an IPO, although the CEO says there's no rush.

Anduril, ranked second, is a defense disruptor funded by venture capital and is challenging industry giants like Lockheed Martin.

OpenAI, the top company, gained mainstream attention in 2022 with the launch of ChatGPT and has since announced numerous business partnerships.

OpenAI has surpassed $2 billion in annual revenue and reached a valuation of $86 billion.

The company continues to innovate with the launch of GPT 4.0, further solidifying its position in the AI industry.

Artificial Intelligence (AI) has a significant presence on the Disruptor 50 list, with 34 companies stating that AI is critically important to half of their revenue.

13 of the Disruptor 50 companies have specified that generative AI is a key component of their business strategy.

The selection process for the Disruptor 50 List involves a quantitative evaluation and guidance from advisory and venture capital boards.

Hundreds of companies applied for the Disruptor 50 List, showcasing the competitive landscape for innovation in the business sector.

The list includes a diverse range of companies from various sectors, demonstrating the broad impact of disruptive technologies.

The CNBC Disruptor 50 List serves as a benchmark for identifying the companies that are leading the way in innovation and disruption.

The List provides insights into the current trends and future directions of technology-driven business models.

The achievements of the companies on the Disruptor 50 List reflect the rapid pace of technological advancement and its integration into business practices.