That’s because the tech startup has received funding from a well-known S&P 500 tech company. Other tech leaders have also donated money to OpenAI or are developing their own services to benefit from the AI revolution. One might say there hasn’t been this much interest in artificial intelligence since Siri was added to the iPhone in 2011. OpenAI is a for-profit technology company that is most famous for producing the ChatGPT chatbot and Dall-E image creator. The company launched in 2015 but didn’t become a household name until 2022 when ChatGPT went viral, and millions of people began using the service for various applications. These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
When you make an account at your new broker, you have to transfer some funds to it. Typically, you can do that by simply linking it to your bank account or another payment method like PayPal (PYPL). As Microsoft is a conglomerate giant with a presence in a number of industries, its optimism in regard to the value of OpenAI and its products alone is enough to attract a lot of potential investors.
He is a father of three and has been writing about (almost) everything personal finance since 2015. You can also find him at his own blog Money Buffalo where he shares his personal experience of becoming debt-free (twice) and taking a 50%+ pay cut when he changed careers. After graduating in $50k with student loans in May 2008 from Virginia Military Institute with a B.A.
Way You Can Invest in OpenAI
Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. While Elon Musk was a co-founder and originally invested $50 million to start the lab, he sold his stake to Microsoft and left the company in 2018. The lab has raised a total of about $11.3 billion from 15 investors over seven funding rounds, with the vast majority of that funding — $11 billion — coming from Microsoft.
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Is OpenAI publicly traded?
- Steve Rogers has been a professional writer and editor for over 30 years, specializing in personal finance, investment, and the impact of political trends on financial markets and personal finances.
- With record data center sales, up 279% year over year to $14.5 billion, Consequently, its earnings increased dramatically, reflecting a twelvefold surge due to the revenue spike.
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- Nvidia reported revenue of $22.1 billion last quarter, up 265% YoY, and EPS of $4.93, up 769% from last year.
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Google’s parent company has been leveraging AI to enhance most of its operations, including YouTube and its dominant search engine. Alphabet has also ventured into the generative AI space, releasing Bard as a direct competitor to OpenAI’s ChatGPT, showing its rock-solid commitment to AI. It is one of the world’s most popular investing platforms with over 28.5 million users. OpenAI is a California-based artificial intelligence research organization led by tech entrepreneur Sam Altman. It’s the developer of the generative pre-trained transformer (GPT) AI models that power popular AI products like ChatGPT and DALL-E. But one of OpenAI’s partners is a blue-chip technology company that you can invest in.
Should you invest in Open AI (Chat GPT)?
The easiest (and cheapest) way to invest in companies leading the AI charge is with a discount brokerage account. Online brokers offer commission-free stock and ETF trades and allow you to invest from the comfort of your living room. While OpenAI's private status means that you won't find its stock included in ETFs, there are options that investors can use to invest in similar AI endeavors. Consider these top tech-oriented ETFs, which offer exposure to generative technology similar to OpenAI. The first step to buying or selling any share of stock is to open a brokerage account. Brokerage accounts are accounts issued and approved by licensed stockbrokers, companies that may buy and sell assets on behalf of customers.
And if you have any interest in AI stocks or tech stocks in general, you may find it worthwhile to keep up on the latest news from OpenAI. Our partners cannot pay us to guarantee favorable reviews of their products or services. On Hiive, sellers are typically employees, venture capital firms, or angel investors.
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MarketBeat’s list of upcoming IPOs offers a convenient place to explore companies set to go what is other identify of financial institution reconciliation assertion public next month. When it comes to OpenAI specifically, the company is generally secretive about its future plans. Nonetheless, some reasonable predictions can be made about the future of OpenAI.
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Look for AI-related companies that provide services similar to OpenAI. More interested in being an early investor than you are in OpenAI specifically? Hundreds of unique companies pursue IPO yearly, giving investors unprecedented access to early stock sales.
Today’s flat IPO market has led to a radical drop in demand for pre-IPO shares. Investors are reluctant to buy shares that may remain illiquid until the IPO market improves. Significant numbers of employees in companies that have postponed IPOs are looking to offload shares. That increased supply and lack of demand point to increased availability and more accessible pricing for pre-IPO shares. OpenAI’s research into applications for machine learning and artificial intelligence has crystallized into several discrete products.
For instance, Nvidia produces graphics processing units (GPUs) that are ideal for powering AI applications. Nvidia's GPUs could see strong demand even if an OpenAI rival, such as AutoGPT, ultimately achieves greater success. However, the downside to buying Nvidia is that its share price already reflects significant growth expectations. While there isn't a direct method for investing in OpenAI at present, many long-term investors might consider indirect options. Specifically, buying Microsoft stock could be a prudent choice if you want to benefit from OpenAI's innovations. If you're not an accredited investor, buying OpenAI shares directly isn't possible.