OpenAI’s revolutionary AI chatbot, ChatGPT, has overtaken the globe in months.
CEOs, technologists, and regular people alike have all been impressed by the technology’s ability to write poetry and code and explain complicated topics in easily digestible lines. It has also been proven to be capable of passing the bar examination, medical licensing examinations, and MBA entrance exams.
ChatGPT (an acronym for “Chat Generative Pre-Trained Transformer”) is a chatbot that is as simple to use as Google Search and provides instant answers to user queries. Launched on November 30, 2022, the free AI chat interface has the potential to disrupt businesses ranging from internet search to content creation, and it has already attracted 100 million users in just two months.
The future of ChatGPT and robot conversation, in general, will be discussed, as will the investment opportunities and risks associated with ChatGPT.
Investing in Chat GPT:
Neither ChatGPT nor its developer, OpenAI, are traded on public markets. But there are many methods to learn about ChatGPT.
Microsoft (MSFT 3.85%) is the quickest and most direct route. Since 2019, Microsoft has been a strategic partner of OpenAI, an artificial intelligence startup to which Microsoft has committed billions of dollars. Microsoft committed $10 billion to OpenAI after the introduction of ChatGPT in early 2023, demonstrating both the company’s faith in OpenAI’s potential and its conviction that artificial intelligence is the next major computing platform.
NVIDIA (NVDA 24.37%) is yet another channel through which you can learn about ChatGPT. When it comes to graphics processing units, NVIDIA is the market leader and one of the most valuable semiconductor firms in the world. Artificial intelligence applications, like the training of big language models like ChatGPT and the processing of enormous volumes of data, make frequent use of its GPUs. They play an important role in numerous ML models.
Finally, Perion Network (PERI 3.27%) is another company that stands to benefit from the introduction of ChatGPT. A new version of Microsoft’s Bing search engine, powered by Perion’s ChatGPT, is being released. Perion is a small-cap ad tech stock. Perion benefits greatly if ChatGPT helps Bing gain market share at the expense of Google.
Microsoft is widely recognized as a global leader in multiple technology sectors. Microsoft generates revenue from a wide variety of sources, including the Windows operating system, the Azure cloud infrastructure service, the Office software suite, the Xbox video game console, the LinkedIn professional social network, and the Surface tablet computer.
However, Microsoft’s strategic cooperation with Open AI has recently been in the news. The corporation is placing a significant stake in OpenAI and ChatGPT. AI is the next big computing platform, according to Microsoft CEO Satya Nadella, and the company has already used the capabilities of ChatGPT and OpenAI’s tools in several of its products, most notably Azure.
Nadella has declared a new “search engine race,” and Microsoft is placing its largest bets with ChatGPT on Bing to win. And he can’t wait to square off against Alphabet’s Google. According to Nadella, Alphabet can’t afford to lose search market share, so any increase is good news for Bing.
As NVIDIA’s graphics processing chips have become increasingly important in fields as diverse as gaming, autonomous vehicles, and AI, the company’s stock has skyrocketed over the past decade.
NVIDIA’s CPUs are superior to the competition regarding the heavy computing demands of AI.
Some analysts believe that 30,000 of NVIDIA’s GPUs are currently being used to run OpenAI’s chatbot. For instance, UBS thinks that 10,000 of them were used to train ChatGPT.
NVIDIA’s GPUs and artificial intelligence (AI) software tools were used in the tens of thousands; NVIDIA and Microsoft have collaborated to create a huge cloud AI computer.
NVIDIA appears to be a solid AI stock if you’re searching for an investment poised to benefit from the expansion of artificial intelligence, given the company’s dominance in AI computing power, including devices like the Omniverse.
3. Perion Network:
ChatGPT is also available through the small-cap ad tech company Perion Network (Nasdaq: PERI). Perion’s main selling point is its smart hub, which facilitates communication between advertisers and publishers to enhance the effectiveness of ad inventory and placement.
However, most of the firm’s income comes from search, especially through its alliance with Bing. Perion is one of the ad tech businesses used by the Bing search engine to improve ad performance and click-through rates. When a user clicks on one of Perion’s adverts and a purchase results, Perion receives a percentage of the income generated by Bing.
For Perion, it wouldn’t take much to make a difference, as Microsoft CFO Amy Hood was quoted in Perion’s most recent financial presentation as saying that every percentage point of market share that Bing gains amounts to approximately $2 billion in yearly sales.
The revolutionary effects of ChatGPT and generative AI could permeate every facet of our lives, from education to entertainment.
The next generation of artificial intelligence, ChatGPT, is still in its infancy, and some people are already wondering if it’s safe to use. Shares of AI companies like C3.ai and other companies involved with AI have soared in recent months as investor enthusiasm for the sector has grown.
It’s not a bad idea to put money into ChatGPT if you’re willing to take some risks. Microsoft appears to be the safest bet because it offers a wide variety of products that could benefit from the AI chatbot and has formed a relationship with OpenAI to take advantage of developments in generative AI.