Artificial intelligence (AI) is rapidly evolving with innovations such as OpenAI’s ChatGPT garnering much interest. The AI-powered chatbot, Chat Generative Pre-Trained Transformer (ChatGPT), uses deep learning algorithms and transformer neural networks to comprehend and generate human-like text. Although this technology has sparked intrigue among investors, it’s unattainable to invest directly as OpenAI, established in 2015, functions as a private, non-profit organization.
Yet for the AI-inclined investors, investment channels are available through tech giants heavily invested in AI. These include Microsoft, NVIDIA, Alphabet (Google), Amazon, and Intel. By investing in these major players, investors gain indirect exposure to the strides taken in AI development, including ChatGPT.
Microsoft, a major OpenAI contributor, has made substantial AI advancements. Its $1 billion investment in OpenAI in 2019 established it as a crucial player in AI technologies. NVIDIA, known for its graphics processing units (GPUs), is at the forefront of powering large AI models and has been a vital partner and investor in OpenAI.
Alphabet, Google’s parent company, focuses heavily on AI research and development through its subsidiary, DeepMind. The AI investment trend is also seen in Amazon, an e-commerce and technology leader, with its voice assistant, Alexa. Intel, a primary technology company, specializes in hardwiring AI systems and advancing technology, making it an investment option.
There are indirect investment strategies through AI-focused exchange-traded funds (ETFs), including companies engrossed in AI research and development. iShares Exponential Technologies ETF (IETC), Defiance Next Gen Digital Transformation ETF (FFTY), ROBO Global Robotics and Automation Index ETF (ROBO), ARK Innovation ETF (ARKK), and ARK Autonomous Technology & Robotics ETF (ARKQ) are examples of such ETFs which allow exposure to the broader AI industry.
Investing in AI startups could also be considered, albeit with a higher risk factor. These startups might be leveraging the open-source software and research provided by OpenAI, providing another indirect link to ChatGPT.
To sum up, while investing directly in ChatGPT stock isn’t feasible, alternative options exist for those interested in the potential of this technology and the larger AI sector. Companies such as Microsoft, NVIDIA, Alphabet, Amazon, and Intel provide an indirect way to contribute to such advancements. Investing in AI-centric ETFs and startups could provide broader exposure to the AI industry. It’s essential to thoroughly research, seek financial professional advice, and consider the risks before investing. The dynamic AI sector presents exciting investment opportunities alongside the constant development of technologies such as ChatGPT.
