How to Invest in OpenAI or ChatGPT: How to Invest in the Market with AI

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OpenAI and ChatGPT have tech fanatics excited about the future of automation and artificial intelligence. These tools offer companies innovative ways to become more efficient, leveraging real-time data and developing everything from content creation to developing self-driving cars.

Companies like OpenAI and ChatGPT have investors complementing whether they have a future Apple, Amazon, or Tesla on their hands. You might be considering whether it’s worth investing in ChatGPT and OpenAI at their current stages of development.

Investment apps like Robinhood and SoFi are empowering everyday individuals to find financial freedom through the power of investing. You start your portfolio from as little as $1 by signing up for an investment app through one of our referral links.

We’re breaking down everything you need to know about OpenAI, its innovative ChatGPT system, and what AI stocks you should consider investing in.

What is OpenAI’s ChatGPT?

ChatGPT is OpenAI’s latest artificial intelligence iteration that produces human-like written content.

It’s a sibling model to ‘InstructGPT’ and is trained to follow the instruction in a prompt and provide a detailed response without the typical characteristics of a chatbot. Both ChatGPT and InstructGPT are trained using a model known as RLHF – Reinforcement Learning from Human Feedback.

The potential of ChatGPT comes from its ability to stimulate human conversation as a state-of-the-art language processing AI model.

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What is the Impact of OpenAI or ChatGPT?

OpenAI is currently working on making ChatGPT less biased by developing a “friendly” AI system that offers a more nuanced take than typical chatbot AI.

What makes ChatGPT unique is its dialogue format. The AI can admit its mistake, answer follow-up questions, and challenge incorrect premises. OpenAI is currently operating ChatGPT through a ‘research preview’ that allows users to test the AI for free and provide feedback to enable the system to evolve.

Early usage suggests that ChatGPT could be used to write code, produce written content, and answer data-based questions. However, OpenAI has admitted that ChatGPT’s impact is currently limited as its knowledge base only extends to 2021, utilizes repetitive language, and can produce incorrect answers.

Can You Invest in ChatGPT?

It’s impossible to escape the hype around ChatGPT. You might be interested in investing in the technology, especially if it can live up to its potential. However, you currently cannot invest in ChatGPT as OpenAI is a private company.

How Do Companies Use Artificial Intelligence?

AI is enabling companies to become more competitive, reduce their costs, and boost productivity. Software can be leveraged to tackle everyday tasks like manual data entry and allow for more accurate forecasting by predicting customer behavior. AI enables companies to make more accurate and faster decisions by being implemented into their everyday operations.

How to Invest in the Market with AI

Every investor has a niche that they focus on, even those with the most diverse portfolio. AI is in a relatively early stage of its development, making it ideal for those who want a long-term investment with the potential for major gains.

However, not every AI company is currently on the stock market as many remain private companies. If you want to invest in AI, you’ll likely want to focus on technology companies that are expanding their AI division. You can invest in companies like Amazon, Alphabet, and Microsoft for as little as $1 to kickstart your AI portfolio.

Top AI Stocks to Watch

Investing in stocks has never been easier. Apps like Robinhood, Cash App, and SoFi put the stock market right at your fingertips. Sign up through our investing app referral codes for free stocks and sign-up bonuses. While AI stocks remain limited, here are 10 companies you should consider adding to your portfolio.

1. NVIDIA

NVIDIA is on the NASDAQ as ‘NVDA’ and is a company that focuses on developing graphic chips and self-driving cars. The company’s revenue has been steadily increasing thanks to its data center business with AI providing the focus for their self-driving cars.

NVIDIA is currently developing software and hardware to produce driver-assistance features and offer a path toward fully autonomous driving. There’s a potential for its graphic cards to be evolved to work for AI-specialized processors.

2. Micron Technology

Micron Technology trades on the NASDAQ with the ‘MU’ ticker, developing memory chips for data centers and self-driving cars. Although it’s volatile to supply and demand factors, Micron technology focuses on commodity products within the semiconductor sector.

The growth of AI means that demand for memory chips is set to soar with Micron Technology positioned to make gains. Its structure means the company will continue to be volatile, presenting opportunities for major gains for investors who are willing to take a risk.

3. Alphabet Inc.

You’ll likely know Alphabet as the holding company of Google and its various segments, including Chrome, YouTube, and Android. Alphabet trades on the NSQ under the ‘Goog’ ticker. Part of its AI segment falls within the ‘Google Cloud’ segment which is developing infrastructure and platform services for enterprise customers.

The Google Cloud Platform is also producing AI technology with a focus on analytics, cybersecurity, data, machine learning, and infrastructure. Alphabet’s net income fell over 20% despite revenue growth, but it’s posed to use its market position to develop its AI niche.

4. IBM

IBM is a company augmenting human intelligence across various industries and trades on the NYSE with the ticker ‘IBM’. The company has a long history in the technology industry. Its AI focus is on lowering costs and increasing efficiency across sectors such as the healthcare industry and financial services.

IDC estimates that IBM is a leader within the AI software industry with over a 13% market share in 2020. It’s the fifth year in a row that IBM has been named the leader in market share for worldwide AI software platforms.

The company is currently undergoing a transformation strategy with AI as one of its growth sectors. If you want a well-established company to invest in that’s likely to be at the heart of the AI revolution.

5. Amazon

While you might know Amazon for its e-commerce and streaming platforms, it’s now focusing on the AI industry with voice-activated technology and cloud computing. Amazon trades on the NASDAQ under the ‘AMZN’ ticker.

The best example of Amazon’s AI in action is its Alexa voice-activation technology. AI is also being incorporated within other Amazon products, including its Amazon Go grocery stores and the cloud infrastructure tool, Amazon Web Services Sagemaker.

Amazon is an ideal AI stock for first-time investors who want a diversified portfolio or lower risk factors. Its AI development is boosting the platform’s e-commerce division by boosting algorithms for tailored recommendations.

6. AI

C3.AI is developing software-as-a-service that provides enterprise-scale AI applications. The company trades on the NYSE under the ‘AI’ ticker. If you want a company that focuses virtually solely on AI, this is the stock for you.

AI is the focus of C3.ai, a SaaS company that offers software that enables organizations to operate large AI applications. Its software reduces risk and cost while accelerating development. While the industry is still evolving, C3.AI considers itself in a league of its own without a direct competitor.

7. Microsoft

Another household name that is expanding into the AI niche is Microsoft. You’ll find it on the NASDAQ under the ‘MSFT’ ticker.

Microsoft is currently working to build AI into every Microsoft Cloud service. Its ‘Azure AI’ platform provides a robust framework for developing comprehensive solutions for data and artificial intelligence.

8. Palantir Technologies Inc.

Palantir is a big data analytic company that sits at the intersection of AI and data by building digital infrastructure and integrating AI into its software. Palantir is developing its AI systems and data mining capabilities that appear likely to enable it to outperform its 2023 expectations. The company is well-positioned to pick up momentum as it rides the AI hype.

9. Lemonade

While Lemonade sits within the insurance industry, the company is venturing into AI. It is utilizing AI to improve customer interactions through its online bot, Maya. It provides insurance policy quotes within 90 seconds and can oversee pay-out claims within 3 minutes without requiring human input. The company has now expanded its AI outside of America after entering the UK and European markets.

10. Workday, Inc.

Workday is at the heart of software innovation and automation. The company is utilizing machine learning to streamline HR functions and operations. Workday is promoting AI to unlock opportunities, improve experiences by automating labor-intensive processes, and inform decision-making through insights and predictions.

Top Platforms for Buying Stocks

Gone are the days when you need a broker and thousands of dollars to start investing in the stock market. Investment apps put the stock market at your fingertips with tools designed for beginner and professional traders alike.

Our investment app referral codes give you access to the best sign-up bonuses, including free stocks to kickstart your portfolio.

1. Robinhood

Robinhood is one of the most popular commission-free investing platforms. You’ll get access to the stock market and crypto investing with no network fees. You can start your portfolio with just $1 and join a new generation of investors. Sign up for Robinhood with our referral code to get a free stock.

2. Cash App

While CashApp is known for its P2P payment software, the platform also offers investing accounts. You can slide into the stock market by investing as little or as much as you want. CashApp will enable you to invest in AI stocks and utilize interactive tools to feed into your investing strategy.

3. Webull

Webull offers zero-commission investing with no deposit minimum. You can invest in thousands of companies with fractional shares from $5. Webull enables you to choose between an individual brokerage account or an IRA if you want to use AI investing toward your retirement fund.

4. tastytrade

Tastytrade offers ‘revolutionary low rates’ that make the stock market more accessible than ever. The platform was previously known as ‘Tastyworks’ and offers access to AI stocks, cryptocurrencies, and EFTs.

5. SoFi

SoFi is an online stock trading platform that provides multiple investment options under one roof. Start your portfolio with no-commission stock and use automated saving to guide your strategy with diversification and auto rebalancing.

Final Thoughts: Investing in OpenAI and ChatGPT

While it’s not currently possible to invest in OpenAI and ChatGPT, there are other AI stocks that you can add to your portfolio. 2023 is the perfect time to start investing in AI as the industry continues to grow from strength to strength. Kickstart your AI portfolio by joining an investment platform through our referral links to earn free stocks and sign-up bonuses.

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