Looking to invest in ChatGPT or its parent company OpenAI?
Unfortunately, you can't directly buy OpenAI stock as the company is not listed on any stock exchange, but you can invest in companies that have exposure to ChatGPT or AI technologies that might benefit from OpenAI's success.
The most direct way to invest in OpenAI is to buy shares in Microsoft (MSFT). Microsoft has formed a partnership with OpenAI and has the largest known stake in the company to date.
OpenAI was founded in 2015 by a group of mostly computer scientists, with Sam Altman and Elon Musk serving as Chairmen. The startup shot to fame by 2023 with the launch of ChatGPT, an AI-powered advanced language model.
Details about the exact ownership structure of OpenAI is not available because it's a private company and previously a nonprofit. This means these details do not have to be publicly disclosed. However the company has recently been valued at between US$27-US$29 billion.
In 2019, Microsoft formed a strategic partnership with OpenAI to continue the development of ChatGPT, with Microsoft providing resources and cloud support in exchange for access to leading AI technologies. It has since invested around US$13 billion in the tech start up.
OpenAI is a private company, so you can't buy shares directly. However, you can buy shares in other companies that have exposure to ChatGPT or AI technologies. Here are the steps:
The whole process can take as little as 15 minutes.
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News update: November, 2023
Several companies and prominent figures are reported to have invested in OpenAI since its early beginnings in 2015, including Amazon, Elon Musk, Jessica Livingston and Microsoft. But as OpenAI is a private company, it's not clear whether all of these companies still have a stake in the AI firm.
Other companies that could benefit from the rise of ChatGPT and related technologies are those building their own AI platforms or partnering with OpenAI to integrate technologies.
Microsoft has the largest known stake in OpenAI, having invested US$13 billion since 2019. Microsoft is also the exclusive provider of computing power for OpenAI’s research, products, and programming interfaces for developers. GPT-3 is licensed exclusively to Microsoft.
In turn Microsoft has integrated ChatGPT technology into its Bing search engine in the form of Bing Chat as well as its Microsoft 365 Azure cloud and other software applications.
Amazon is thought to have invested in OpenAI in the early days but the arrangement is not clear.
Today Amazon is working on several of its own AI projects including application technologies that directly rival ChatGPT technology. AI projects include its Alexa voice assistant and AI tools and services available through its Amazon Web Services.
Rather than launching it's own chatbot as its competitors Microsoft and
NVIDIA's graphic processing units (GPUs) have become foundational hardware in AI training, including by ChatGPT. In fact, Microsoft has said the supercomputer used to build ChatGBT used thousands of NVIDA GPUs to power it and rival companies are following suit.
Although they started in the gaming sector, their AI-specific hardware and software platforms like CUDA have made them central to the AI boom.
As NVIDIA's main rival, AMD has positioned itself well in the AI and machine learning hardware space. Like NVIDIA, it produces GPUs that are applicable in AI processing.
Although NVIDIA's GPUs are the top choice by companies building AI applications, AMD's competitor chips may prove themselves in the coming years as demand for GPUs increases.
Google's parent company invests heavily in AI. DeepMind, a subsidiary of Alphabet, is at the forefront of AI research. Google also utilises AI in its search algorithms, advertising, Google Assistant, and cloud services.
In early 2023, Google announced the launch of its own AI chatbot Bard, a direct rival to ChatGPT.
Often referred to as the "Google of China," Baidu has invested heavily in AI research and applications, including its Apollo autonomous driving platform and DuerOS voice assistant platform.
Baidu launched its own AI chat style service called Ernie in March 2023 - the first Chinese company to release a direct rival to ChatGPT.
Palantir is a data analytics company, with platforms such as Palantir Gotham and Palantir Foundry that offer AI-driven solutions. As AI continues to grow and become a more integral part of various industries, Palantir's stock could through the rising demand of such platforms.
If you'd prefer to invest in a whole portfolio of AI-related stocks, you could instead buy units in an ETF.
There are several AI-themed ETFs listed in Australia to choose from:
RBTZ invests in global companies with exposure to robotics and AI products and services. This includes both the production and use of the products. Its focus segments include robotics and automation, AI and autonomous vehicles and drones.
To date, the ETF holds around 40 companies with the largest weighting in NVIDIA.
Like the name suggests, ROBO focuses on companies involved in robotics, AI and automation across a range of global markets and industries. To date, its largest holding is with Ocado Group, a British technology business aimed at bring automation to grocery delivery services.
Unlike the previous 2 ETFs, ATEC invests only in technology companies that are listed on the Australian Securities Exchange (ASX). As it tracks the S&P/ASX All Technology Index, it's covers tech companies from a broad range of sectors in Australia including IT, financial and healthcare. While it may offer some exposure to AI, this ETF offers the least exposure of the three.
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