Can I Invest In OpenAI? Putting Artificial Intelligence In Your Portfolio
- OpenAI is a research company that aims to develop friendly AI to benefit humanity
- The company is currently private and does not have shares available for public purchase
- A stock like Microsoft, which invested in OpenAI, might be a good purchase if you want to indirectly expose your portfolio to this emerging technology
Artificial intelligence (AI) is poised to change dozens of industries, including online written content, digital art and education. Many investors hope to expose their portfolios to companies involved in AI, reaping gains in the future as AI’s presence in our lives continues to grow.
With the buzz surrounding ChatGPT since its launch in November 2022, many people are curious about investing in Open AI, the company that released this ground-breaking chatbot. But can you invest in OpenAI? Here’s what investors need to know.
If you’re ready to use AI to invest in new technologies similar to ChatGPT, Q.ai’s Emerging Tech Kit is an excellent place to start. Download Q.ai here to get started.
What is OpenAI?
OpenAI launched in 2015 as an artificial intelligence research company that was co-founded by Sam Altman and Elon Musk, among others. The company operates with the general goal of developing digital intelligence to benefit all of humanity.
Between 2018 and 2020, OpenAI released three generative pre-trained transformer (GPT) language models. The goal of these models was to answer written questions naturally.
A fine-tuned version of GPT-3, GPT-3.5, became the basis for a new AI chatbot previewed by OpenAI at the end of November 2022. The chatbot, ChatGPT, has since been the subject of widespread media coverage as people adjust to the idea that artificial intelligence can now imitate human speech.
The impact of ChatGPT
ChatGPT caused ripples across multiple industries and major companies, most notably Google. The company declared a “code red,” seeing the chatbot as a rival to their $149 billion search engine business.
ChatGPT differs from Google in that it immediately provides users with answers to questions, whether they’re simple or complex. With Google, searches yield links to other websites, requiring users to sift a bit more to find their answers.
The accuracy of ChatGPT has been widely debated, with some already finding inaccuracies in the chatbot’s answers to specific questions.
Another area of life affected by ChatGPT’s emergence is education, as some students have used the chatbot to assist with their homework. Many people have expressed concerns over plagiarism since the program can produce text that students could use in an essay or creative work, like a poem.
Similar concerns surrounded another OpenAI product, DALL·E 2. This innovation is a generative AI that can produce images based on user text inputs. Since OpenAI trained DALL·E 2 using data from real artists, people have debated whether the program infringes on artists’ copyright or merely uses other art as inspiration for its own.
Whatever your opinions are on these issues, it seems inevitable that AI’s presence in our lives will only continue to grow, changing everything from online content creation to health care.
Can you invest in OpenAI?
The short answer to this question is no. OpenAI is currently a private company. Until it has an IPO, shares are not available for public purchase.
Even though OpenAI is now for-profit, it started as a non-profit research laboratory. 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 is licensed exclusively to them. Microsoft is expected to incorporate the chatbot into its search engine, Bing, a competitor to Google’s search engine. Savvy investors may want to invest in Microsoft to gain indirect exposure to OpenAI and their technology.
Nvidia Corporation, Baidu and Alphabet Inc are worth looking into if you’re looking for other AI stocks. As AI’s influence on society increases, investing in tech companies with a stake in the game could be wise.
If you’re new to investing or don’t want to spend all day reading the headlines, 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.
The bottom line
The public launch of ChatGPT and Microsoft’s multi-billion dollar investment in OpenAI have put the company in the headlines for months. As a result, many people wonder if they can invest in artificial intelligence and OpenAI.
Though 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 could prove lucrative for your portfolio.
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