AFP via Getty Images
key takeaways
- OpenAI is a research company that aims to develop friendly AI for the benefit of humanity
- The company is currently private and shares are not available for public purchase.
- A stock like Microsoft, which has invested in OpenAI, can be a good buy if you want to indirectly expose your portfolio to this emerging technology.
Artificial intelligence (AI) is poised to transform dozens of industries, including online written content, digital arts and education. Many investors expect to expose their portfolios to companies involved in AI, reaping future benefits as AI’s presence in our lives continues to grow.
With chatGPT buzzing since its launch in November 2022, many are curious about investing in Open AI, which released this groundbreaking chatbot. But can you invest in OpenAI? Here’s what investors need to know.
If you’re ready to invest in new technologies like ChatGPT to use AI, Q.ai’s Emerging Tech Kit is an excellent place to start. To get started, download QI here.
What is OpenAI?
OpenAI was launched in 2015 as an artificial intelligence research company co-founded by Sam Altman and Elon Musk. The company operates with the common goal of developing digital intelligence for the benefit of all humanity.
Between 2018 and 2020, OpenAI released three Generative Pre-trained Transformer (GPT) language models. The goal of these models was to answer naturally written questions.
GPT-3, a fine-tuned version of GPT-3.5, became the basis for a new AI chatbot previewed by OpenAI for late November 2022. The idea that artificial intelligence can now mimic human speech.
effect of chatgpt
ChatGPT created ripples across multiple industries and major companies, most notably Google. The company declared “code red”, seeing the chatbot as a rival to its $149 billion search engine business.
ChatGPT differs from Google in that it provides users with instant answers to questions, whether simple or complex. With Google, searches return links to other websites, requiring users to do a little more digging to find their answers.
The accuracy of ChatGPT has been widely debated, with some already finding mistakes in the chatbot’s answers to specific questions.
Another area of life affected by the emergence of ChatGPT is education, as some students have used chatbots to help them with their homework. Many people have expressed concerns over plagiarism because the program can produce text that students can use in an essay or creative work, like poetry.
Similar concerns surrounded another OpenAI product, DALL E 2. This innovation is a generative AI that can produce images based on user text input. Since OpenAI trained DALL E 2 using data from real artists, there has been debate over whether the program infringes on artists’ copyrights or simply uses other art as inspiration for its own. does.
Whatever your opinion on these issues, it seems inevitable that AI’s presence in our lives will only continue to grow, transforming everything from online content creation to health care.
Should you invest in OpenAI?
There is no short answer to this question. OpenAI is currently a private company. The shares are not available for public purchase until its IPO.
Even though OpenAI is now for-profit, it began as a non-profit research lab. OpenAI Inc., the original non-profit, is now the company’s primary shareholder.
However, in January, Microsoft announced a $10 billion investment in OpenAI, and GPT-3 was licensed exclusively to them. It is expected that Microsoft will incorporate the chatbot into its search engine Bing, which is a competitor to Google’s search engine. Savvy investors may want to invest in Microsoft to gain indirect exposure to OpenAI and their technology.
If you’re looking for other AI stocks, Nvidia Corporation, Baidu, and Alphabet Inc. are worth a look. As the impact of AI on society grows, it may make sense to invest in tech companies with a stake in the game.
If you’re new to investing or just don’t want to read headlines all day, Q.ai’s Emerging Tech Kit lets you harness the power of AI to invest in this growing sector. This innovative investment kit balances diversified investments in leading tech ETFs and stocks.
Bottom-line
The public launch of ChatGPT and Microsoft’s multi-billion dollar investment in OpenAI have kept the company in the headlines for months. As a result, many people wonder whether they can invest in artificial intelligence and OpenAI.
Although the company is currently private and not offering shares to the public, there are other ways to invest in AI and related tech companies. Taking advantage of these opportunities can prove lucrative for your portfolio.
download what a Today For access to AI-powered investment strategies.
