How to Buy OpenAI Stock – Can You Invest in ChatGPT?
Do you know Wall Street Investors are running to invest in Open Artificial Intelligence?
If you are into tech then you must have searched about the best AI stocks to invest. With the first impression of AI, people and business owners are reshaping their business to get the maximum benefit from this new trending technology. The best example of Open AI can be ChatGPT helping millions of people with a net worth of $29 Billion.
ChatGPT is an advanced language model that utilizes deep learning techniques to generate human-like responses based on the input it receives, allowing it to engage in interactive and dynamic conversations with users.
People believe that this company will be as great as Amazon, Microsoft, Tesla and many more so purchasing a mini portion of campany can give them million in the next 5-10 years.
So, now as a active investor, what you must do to get benefit from the Artificial Intelligence Technology? Keep reading!!!
Also Read: 4 Investing Lessons From David Swensen
What is Open Artificial Intelligence (AI)?
Open AI is an artificial intelligence research organization founded in December 2015 with the motive of enhancing AI technology in a safe and beneficial manner. OpenAI have great contributions to AI, specifically with the development of Generative Pre-trained Transformer AKA GPT that are trained with huge text data which can generate coherent and contextually response based on the questions asked.
What Is The Impact of Open AI?
With the development of Open AI organization and ChatGPT, the tech industry has taken a 360 degree shift both in positive and negative way.
1. Advancing AI Research
Open AI has contributed a lot in the Artificial Intelligence industry through research and development efforts. With the invention of Chat GPT, an advance language model that utilize deep learning techniques to generate human like response based on the questions asked.
This development have added value to the overall advancement in the technical and artificial industry that has opened up new opportunities for innovations and application.
2. Concentration of AI Power
With such an advance development comes serious risk to human and the overall market. The development and control of AI power in the hands of few individual raises serious concerns about the market competition, access, and influence in the AI landscape. It shows the need for responsible governance and regulations to ensure fair and equal benefit of AI resource.
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Can You Buy Open AI stocks?
The answer is NO. Open AI is a private company owned by Sam Altman, CEO of Open AI that hasn’t announced any information to offer Initial Public Offering (IPO) to become a Publicly Traded Company.
Business do prefer to stay private if they do not wish to raise capital via an IPO, or if they are currently focus on developing their business without being pressurized by the Wall Street. But it doesn’t mean that you cannot invest in OpenAI.
There are multiple publicly traded companies that are actively investing their money into Open AI which gives you an option to start investing to make great returns.
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How to Invest in AI Stock?
To invest in Artificial Intelligence stocks, you need to understand and analyze the AI market. Here are the few key indicators that can help you in choosing the best AI stocks.
1. Research & Identify AI Companies
Initiate the research and identification process of companies involved in Artificial Intelligence through their past history and who is the current CEO. Additionally, look for companies that are a huge market players in AI technology, software development, data analytics, machine learning, or robotics.
Also Read: Are Declining Interest Rates Responsible For Stock Growth?
2. Open A Brokerage Account
Choose the right brokerage for building your investment portfolio is an asset. With thousands of brokerage firm in the current market, it is hard to find the best one which offer great customer service with low transaction fees.
3. Add Funds In Your Account
Deposit funds in your brokerage account based on what you are earning monthly and what is your risk tolerance. While investing, don’t follow advice of people instead consult a professional finance advisor who can offer you in depth analysis of income and how you can budget properly.
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4. Conduct Due Diligence
Do an in depth research on companies and it’s past year data to understand the performance in the last 5 to 10 years. It will give you an idea about the finanial condition, growth prospects, management team, competitive advantage and any recent new or events that may impact the company’s net value or stock.
5. Place Stock Order
After successful complete of all the mentioned steps, place order for the AI company that you are interested to invest through your brokerage account. You can typically place orders in two different ways – Market Orders or Limit Order.
For beginners, Market Order refers to buying and selling stocks immediatly in the live market whereas limit order refers to buying and selling of stock during a specific price at which you are willing to buy.
6. Monitoring & Managing Your Investments
Actively monitoring and management of your investment portfolio is crucial because the market is unpredictable and volatile. However, staying updated on industry trends, company news or events, geopolitics news or any other factors that could influence your investments will safe guard your money. It would be better if you diversify your investment portfolio as it lowers the risk of major loss during mentioned reasons.
Also Read: How To Invest In Gold?
Final Words
The public launch and billions of dollars invest by Microsoft in Open AI had put the company on headline for month but before getting influenced by any famous figures, you need to understand the invest from your point to view. Here, you are investing your hard earned money and taking risk on whether Open AI will grow or not.
So, I highly recommend you to invest in companies where you can see a strong future of your money and the company. However, if you are a beginner invest then it is better to start learning how to invest your first $1000 in the stock market.
Finally, Investing in stocks carries risk to your capital and the value of stocks can fluctuate due to multiple reason. So, consulting a financial advisor to get personalized guidance based on your financial background can minimize your risk and help in achieving the maximum return.
