How to Buy Chat GPT Stock? Can you Invest in it?
Many people are curious about the investment opportunities surrounding ChatGPT’s thriving AI chatbot, which is projected to generate a whopping $1 billion in revenue by 2024.
“Regrettably, it is not possible to buy ChatGPT stocks since OpenAI remains a closed entity. Nonetheless, we will explore alternative investment opportunities in the subsequent paragraphs. Let’s proceed.”
Is there a Chat GPT Stock?
Investing in ChatGPT stock directly is not possible as it is not a publicly traded company. But users can consider investing indirectly through ChatGPT’s partner companies, like Microsoft, which has a considerable investment in the firm.
What is Chat GPT Stock’s Name?
ChatGPT cannot be identified by a ticker or stock symbol as it is not publicly traded.
Can you Buy ChatGPT Stock Right Now?
At this time, it is not possible to buy stocks of ChatGPT as it is a privately owned company developed by OpenAI. The shares are not available to the public on stock exchanges. Nevertheless, if you wish to invest in ChatGPT, you can consider investing in Microsoft, which has a significant partnership with ChatGPT and has a portion of ownership in the AI chatbot. This allows you to indirectly invest in ChatGPT.
How to Invest in Chat GPT Stock?
Investing in Chat GPT stock directly is not possible, but there are other ways to invest in the company indirectly. One way is by investing in companies that have made significant investments in ChatGPT, such as Microsoft. ChatGPT is a recipient of private funding from notable investors, so investing in Microsoft can provide exposure to ChatGPT for interested investors.
One way to invest in NVIDIA is by leveraging their AI technology and training, using a powerful language model such as ChatGPT. This approach can also have the added benefit of indirectly investing in ChatGPT.
There are three options available for investing in ChatGPT:
- Microsoft (MSFT)
- NVIDIA (NVDA)
- Perion Network (PERI)
Other Generative AI Stocks to Watch as ChatGPT Soars
As ChatGPT surges, keep an eye on these additional Generative AI stocks:
1. Microsoft (NASDAQ: MSFT)
Investing $10 billion in OpenAI is a smart move by Microsoft, especially with the integration of the AI chatbot ChatGPT. This provides an excellent opportunity to invest in AI technology without directly mentioning it. Windows 11 has been updated to include the Bing AI chatbot, which allows users to search directly from the taskbar. This integration should enhance Bing’s response to user queries and help increase its market share.
2. Alphabet (NASDAQ: GOOGL) (NASDAQ:GOOG)
Alphabet, which owns Google, has launched its very own chatbot powered by AI, called Bard AI, to compete with existing chatbots like ChatGPT and Bing. Currently, Bing is only available through waitlists in the US and UK. Although Google dominates the search engine market with approximately 84% (according to Statista), Microsoft’s collaboration with OpenAI is a formidable contender.
3. Nvidia (NASDAQ: NVDA)
To gain exposure to ChatGPT, it may be wise to consider investing in NVIDIA (NASDAQ: NVDA). This is because their GPUs are commonly used for training models like OpenAI’s ChatGPT, which can handle vast amounts of data.
NVIDIA is a leading company in graphics processing unit technology, with a focus on a range of electronic devices, including mobile devices, laptops, notebooks, PCs, and workstations. The company is highly involved in the AI, gaming, and mobile devices sectors.
NVIDIA also supports Meta systems (NASDAQ: META) used in AI supercomputers and graphics processing units.
Furthermore, the company is collaborating with Dell Technologies to develop a variety of Artificial Intelligence applications for enterprises, including speech recognition, language-based services, and cybersecurity.
3. Amazon (NASDAQ:AMZN)
Amazon Web Services (AWS) is a renowned subsidiary and cloud-computing platform that presents an array of services, including databases, networking, storage, computing, machine learning, artificial intelligence, and more. AWS is expected to generate a revenue of more than $100 billion by 2023.
AWS offers four AI business tools: infrastructure, AI platforms, services, and framework. Amazon has experience with generative AI through conversational technology used by Alexa. AWS has also expanded its collaboration with an AI company called Hugging Face to develop generative AI applications.
Cisco Systems (NASDAQ: CSCO)
Cisco Systems (NASDAQ: CSCO) is a prominent supplier of communication networks and IT, providing a vast array of multi-cloud products and forming robust partnerships with Azure, Google Cloud, and AWS.
The company offers various computing solutions for corporations, including protection from malware and security threats using AI and machine learning.
IBM (NYSE: IBM)
IBM is a global leader in AI research and offers a wide range of AI solutions for IT operations, computing, business automation, natural language processing, healthcare, and other fields.
The IBM research team is developing a new generative AI tool that can create dependable and trustworthy applications. They have also utilized generative AI in the creation of antimicrobial drugs that can target antibiotic-resistant bacteria, in addition to chatbots.
Intel (NASDAQ: INTC)
Intel is renowned as the top semiconductor chip manufacturer in terms of revenue. Their microprocessors are the driving force behind mobile and computer devices, earning the brand global recognition.
In line with their commitment to reducing harm and promoting human welfare, Intel’s media team is currently working on generative AI tools. A prime example is ARLA’s open-source urban driving, which employs generative AI to create more authentic and naturalistic 3D action for driving tool development and validation.
Micron Technology (NASDAQ: MU)
Micron Technology is a leading global company that specializes in manufacturing semiconductors, including dynamic random-access memory, flash memory, and USB flash drives. Micron is the only manufacturer of DRAM, memory, and NAND flash in the United States.
This is important for the growth of the Artificial Intelligence sector in the US because, according to Forbes, Generative AI technology heavily depends on semiconductors, and currently, most semiconductors are produced in Asian countries.
Chat GPT Stock Price Currently
As ChatGPT is not publicly traded, there is no stock price information available for the company.
Future of Chat GPT Stock
As per the insights shared by financial writer Kelvin Ong, it is speculated that ChatGPT might become a public entity in the current year. While there hasn’t been any official announcement regarding an initial public offering, reports suggest that OpenAI held talks with venture capital firms Thrive Capital and Founder Fund for a private tender sale of shares earlier this year.
This move could potentially raise up to US$300 million, which would increase the company’s value to US$29 billion – almost twice its 2021 value. As per Reuters, OpenAI is expected to generate US$200 million in revenue in 2023 and US$1 billion in revenue in 2024. Furthermore, in January, Microsoft announced its plans to invest US$10 billion in OpenAI over the next few years.
Is ChatGPT Publicly Traded?
ChatGPT and OpenAI, the creator, are both privately funded companies with the support of prominent investors. In order for ChatGPT to become publicly traded, it would be necessary to undergo an IPO process.
The Best AI Stocks to Buy
Company Market Capitalization
– Microsoft Corp. (MSFT) – $2.3 trillion
– Amazon.com Inc. (AMZN) – $1.0 trillion
– Nvidia Corp. (NVDA) – $714 billion
– C3.ai Inc (AI) – $2.1 billion
– Alphabet Inc. (GOOGL) – $1.4 trillion
– Micron Technology Inc. (MU) – $68 billion
– Tesla Inc. (TSLA) – $512 billion
Conclusion
In this blog post, we tackled the subject of “How to Invest in ChatGPT Stock”. While the remarkable achievements and projected earnings of ChatGPT may be captivating, purchasing its stock directly is not feasible since it is not accessible to the public. Nevertheless, there are other ways to invest, like through Microsoft and NVIDIA, both of which have substantial connections with ChatGPT. The possibility of ChatGPT’s upcoming initial public offering, coupled with its affiliations and standing in the industry, presents a compelling opportunity for prospective investors.
