How to Invest in OpenAI Stock?- [OpenAI Stock IPO 2023] Key Points
OpenAI is an American Artificial Intelligence research laboratory founded in 2015. The company consists of the non-profit OpenAI Incorporated and the for-profit subsidiary OpenAI Limited Partnership. OpenAI is a privately held company and is not listed on any stock exchange. Whether you are someone who loves technological advancements or not, AI is here to stay, and you definitely have to adapt to it to keep up with the pace during the work hours in a year .
The AI software ChatGPT (GPT-3) by OpenAI is the most recent breakthrough in the Artificial intelligence space, and this has shown how promising AI can be in the near future. With its surge, the share market is also witnessing a growing number of investors in the AI sector, and OpenAI is considered to be one of the hot tickets to grab. Therefore, you must calculate your investment and plan your finances.
So if you are looking for how to buy OpenAI stock, or how to invest in ChatGPT, this blog solves the mystery for you. Keep on reading till the very end to get the complete picture of open AI stocks and AI in general.
What is OpenAI? OpenAI is an AI research and deployment company founded in 2015. The company conducts AI research to develop friendly AI. It is most famous for creating the ChatGPT chatbot and DALL-E image creator.
The artificial intelligence sector has come a long way after the ChatGPT went viral in 2022. The company started with non-profit beginnings and transitioned into for-profit in 2019. OpenAI launched DALL-E in 2021, which is a deep learning model that can generate digital images with language descriptions. In December 2022, the company launched the free preview of ChatGPT and received a million signups within the first five days.
With successful AI product launches, the company is projecting revenue of $200 million in 2023 and $1 billion by 2024.
The biggest investor of OpenAI, apart from its founding members, is Microsoft. The software company announced its integration in AI technology into all its products.
OpenAI Mission: It is the mission of the company to develop Artificial general intelligence smarter than humans that can benefit and empower humanity in all aspects.
OpenAI Principles: The company is committed to carrying out research to make AGI safe and helpful for humans. OpenAI will develop products assisting humanity and not against it.
With the surge of AI, big businesses like Bain and Company, Khan Academy, Duolingo, Morgan Stanley, and Snapchat are partnering with OpenAI to streamline their management systems, research, and processes. Currently, Fishbrain has raised $31M in funding by investing through AI stocks and now creating base in various countries like Sweden and Norway.
Fast Fact: Microsoft is integrating AI technology into its Bing search engine, sales and marketing software, Microsoft 356, and Azure cloud.
Can You Invest in ChatGPT? Can I invest in ChatGPT? – This is one of the most common questions we hear now and then, as it is evident that the future is somehow getting revolutionized by AGI. We are definitely witnessing a rapid shift toward artificial intelligence.
But is it possible to invest in OpenAI or ChatGPT if you are not a big venture capitalist or business tycoon? Well, not really, because ChatGPT is a privately held product by OpenAI and is not yet available in public IPO. However, there are a few workarounds that you can do to invest in OpenAI. Let’s understand it in the coming parts.
How to Invest in OpenAI? You might be wondering how to invest in ChatGPT, and how to buy OpenAI stock. To clarify, you can not buy OpenAI stock or ChatGPT stock, as the AI research laboratory is not a publicly traded company yet. As the company does not offer investment opportunities, investors can choose the indirect route. Meaning you can invest in the company investing in OpenAI, which will give you indirect investment exposure to the AI lab.
All the major S&P 500 companies and tech leaders have donated money to OpenAI. So it will be very wise of you to invest in those shares. According to the investment prediction, when OpenAI grows, the companies investing will also grow, and so will your invested capital. How to do it, let’s get into it in the next section.
How to Buy OpenAI Stock IPO? As already explained, there is no way to buy OpenAI stocks directly until the time the company announces an IPO. However, you can stay close to OpenAI by investing in its biggest investors. Here are the major OpenAI backers you should consider investing in.
Microsoft NASDAQ: MSFT
Microsoft announced a long-term partnership with OpenAI by investing over $10 billion in January 2023. The software company will incorporate AI technology into all its products. Talking about the market aspect, Microsoft has always stood the test of time and given steady growth to investors.
The stock market chart signifies the growth of shares over the years. With a current market cap of $2.485 Trillion, Microsoft Corporation share can be your safest bet.
Infosys NSE: INFY
The Indian multinational information technology company was one of the first investors in OpenAI in 2015. The company provides business consulting, information technology, and outsourcing services to clients. Founded on 2 July 1981, the IT giant has recorded revenue of more than $1.7 billion in 2023.
In terms of market, Infosys is a large capped share with a market capitalization of $65.58 Billion, which minimizes investment risks and makes it the best option for investors with low-risk appetite.
The all-time market summary signifies growth and returns on investments.
Khosla Ventures NASDAQ: KVSA
An American Venture Capital firm founded in 2004 by Vinod Khosla. The firm invests in early-stage startups on the internet, computing, mobile, financial services, agriculture, healthcare, and clean technology sectors.
Square, Okta, Big Switch Networks are some companies backed by Khosla Ventures during their early stage that went on to become market leaders. The venture capital firm invested $1 billion in OpenAI as part of series C funding and aims to support the AI laboratory in research and development.
This is the growth record by Khosla Ventures in the past year. With a market capitalization of $466.73 million, the firm is expected to grow because of its investments in OpenAI.
These are the companies you can invest in if you’re intrigued by the market advancements of OpenAI. In case you are not so sure, you can either wait for OpenAI to be a publicly traded company or investment in other AI companies similar to OpenAI.
Fast Fact: Snapchat, Duolingo, Khan Academy, Koo, and Slack are among the few companies using ChatGPT-based Chatbots in partnership with OpenAI.
OpenAI Stock Alternatives Artificial Intelligence is a technology that mimics human intelligence into machine learning to perform tasks more efficiently. As the technology existed for a long time, OpenAI is not the only company experimenting with it. There are many competitors of OpenAI that have a reputation in this sector.
Here are the OpenAI alternatives you can invest in:
IBM NYSE: IBM
IBM is one of the biggest technology companies in the world, with its operations in more than 170 countries. The company launched its data processor based on AGI called IBM Watson. The AI product has the ability to analyze human speed for meanings, and syntax. Moreover, it answers human-posed questions often in a fraction of a second.
IBM has a market capitalization of 124.95 billion USD, with all-time growth in its sector.
Google Cloud NASDAQ: GOOGLE
Competing with OpenAI, Google introduced ‘Bard’ with extraordinary features for search suggestions, images, and computing. The company has its own Artificial Intelligence division called Google AI that develops and tests new AI products.
As Google is a household name, you do not have to give much thought about buying shares of its parent company, Alphabet. The company has shown significant and steady growth over the period of 5 years.
Salesforce NYSE: CRM
An American cloud-based software company that provides customer relationship management software and e-commerce, sales, and analytics applications. The company has announced to invest $500 M in potential generative AI startups.
This market chart shows the increments over the past 5 years. The company has a market capitalization of 203.55 billion USD, making it one of the safest investment stocks.
NVIDIA NASDAQ: NVDA
An American multinational technology company that designs APIs, and GPUs for data science and high-performance computing in the mobile and automotive market. It also makes AI-powered software for audio and video processing.
The company is the front-runner in its sector and hence gives great investment returns to the shareholders. Having a market cap of 1.01 Trillion USD, NVIDIA can prove to be a great investment.
Amazon NASDAQ: AMZN
Amazon is an American multinational technology company that focuses on cloud computing, digital streaming, e-commerce, and Artificial Intelligence. Amazon’s Alexa is an AI product that understands human behavior through language.
Amazon has partnered with Hugging Face to develop new and effective AI products that will support humans in their work.
Amazon has a market cap of $1.30 Trillion and is one of the biggest contributors to the US e-commerce sector.
These are some companies to invest in if you want to dive into the sector of artificial intelligence.
Fast Fact: The New York Times reports that Microsoft has invested more than $2 billion in OpenAI between 2019 and early 2023.
Should You Invest in OpenAI? “AI is one of the most important things humanity is working on. It is more profound than electricity or fire.”
– Sundar Pichai, CEO of Google
OpenAI, as witnessed, is registering a huge success with its AI software. The company is not publicly traded as of now, but would you invest in OpenAI when it will be listed on IPO (we hope that’s very soon.) Yes, we would, of course.
But we are addressing it because we have seen a lot of confusion and misconceptions about AI or let’s say OpenAI among people, which makes them think should we or should not invest in AI software or companies as they can turn into a threat to mankind.
To clear this, Artificial intelligence has been in the picture for the very longest time and is developed to accelerate the efficiency of the job done by humans. That does not mean it will replace humans, moreover if used correctly it can work as a partner.
We will be seeing a paradigm shift in the world of sciences with AGI that will surely bring many positive changes. Let’s discuss more about the future of AI and OpenAI and ChatGPT in the coming part but before that lets clear your question, ‘when will OpenAI go public?’
When Will OpenAI Go Public? We see investors curiously asking how to invest in open AI directly and can I invest in ChatGPT. Well, as of now, there is no way that you can purchase shares of the company directly. Nevertheless, you know that Microsoft plays a big position in the company, and by investing in Microsoft you can indirectly get your hands on OpenAI.
However, if you are purely looking for the direct way, you need to keep an eye on the IPO listings. AI has garnered a lot of attention within a short span and it is worth the notice, so let’s discuss the future of Artificial Intelligence in the coming section.
The Future of AI and OpenAI “Artificial Intelligence is one of the most promising fields in technology and has the potential to help solve some of the world’s most pressing challenges, including healthcare.”
– Mark Zuckerberg, CEO of Meta
AI is on its constant journey of influencing our lives. It is shaping the future of every industry. More than 44 percent of the companies are interested to invest in OpenAI or ChatGPT stock-like software and are open to incorporating this software to level up their businesses.
AI and its software will rise in demand in the foreseeable future. According to the recent advancement, healthcare, entertainment, legal, education, finance, and construction were some sectors influenced by AI. So it is quite evident that AI and companies making AI software like OpenAI have a bright future ahead and being an investor you must not miss the opportunity to put your money in the OpenAI stocks.
Frequently Asked Questions Ans: No, you can not invest in ChatGPT through any broker as it is a private company and has not listed its IPO in the public sector.
Ans: Open AI does not have a ticker symbol as it is still a privately-held company, and is not listed on a stock exchange.
Ans: No, OpenAI is not a public company. Sam Altman is the CEO of OpenAI.
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