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ChatGPT, the disruptive AI chatbot made by OpenAI, has taken the world by storm in just a few months. The technology has wowed everyone from CEOs to technologists to ordinary users, performing various activities like writing poetry, coding, and explaining complex subjects. It has even demonstrated its capability to pass high-level exams for law school, medical licensing, and MBA programs. As ChatGPT continues to gain popularity and showcase its potential, investors are naturally curious about how to get exposure to this innovative technology.
ChatGPT, which stands for Chat Generative Pre-Trained Transformer, is an AI language model developed by OpenAI. It utilizes deep learning techniques to generate human-like text responses based on the input it receives. With its simple chat interface, ChatGPT can answer questions directly, making it as easy to use as Google Search. Its capabilities have attracted 100 million users within two months of its launch, indicating its disruptive potential in various industries such as internet search and content creation.
While ChatGPT and OpenAI are not publicly traded entities, several investment opportunities provide exposure to the technology.
Microsoft has strategically partnered with OpenAI since 2019 and has made significant investments in the company. In early 2023, Microsoft further demonstrated its confidence in OpenAI's potential by investing US$10 billion. As Microsoft CEO Satya Nadella views AI as the next central computing platform, the company has already integrated ChatGPT and OpenAI's tools into its products, including Azure. Microsoft's primary focus for ChatGPT is on Bing, its search engine. With the new version of Bing-powered by ChatGPT, Microsoft aims to challenge Alphabet's Google and gain market share in the search engine space. While Microsoft is a diversified tech giant with exposure to various sectors, its partnership with OpenAI and the potential of ChatGPT make it an attractive option for investors.
NVIDIA is a leading semiconductor company renowned for producing graphics processing units (GPUs). These GPUs are instrumental in training large language models like ChatGPT and processing vast amounts of data, making NVIDIA a key player in artificial intelligence. For instance, it is estimated that thousands of NVIDIA GPUs were used to train ChatGPT. Moreover, NVIDIA has collaborated with Microsoft to develop a massive cloud AI computer powered by NVIDIA GPUs and other AI software tools. Considering NVIDIA's strength in AI computing power and its continuous involvement in cutting-edge technologies, investing in NVIDIA provides exposure to the growth of artificial intelligence and its potential applications.
While not directly related to ChatGPT or OpenAI, Perion Network is a small-cap ad tech company with a strategic partnership with Microsoft's Bing search engine. As Microsoft rolls out a new version of Bing powered by ChatGPT, there is potential for Bing to gain market share from Google. If ChatGPT successfully enhances Bing's search capabilities, Perion Network could benefit significantly. It is worth noting that Perion Network's partnership with Microsoft and its connection to the ChatGPT rollout makes it a speculative investment choice, given its position in the ad tech industry.
Investing in ChatGPT directly may not be possible as OpenAI is not a publicly traded company. However, investors can gain exposure to ChatGPT and its potential by considering companies like Microsoft, NVIDIA, and Perion Network. Microsoft's strategic partnership and significant investments in OpenAI, coupled with its focus on incorporating ChatGPT into Bing, position the company as a primary avenue for investors seeking exposure to the technology. NVIDIA's GPUs are vital components in training large language models like ChatGPT, making the company an indirect beneficiary of the technology's growth. Finally, Perion Network's partnership with Microsoft's Bing could present an opportunity if Bing powered by ChatGPT gains market share. As with any investment, thorough research and analysis are crucial before making decisions. While the future of ChatGPT and its impact on various industries are promising, investors should exercise caution and consider the risks associated with investing in emerging technologies.
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