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If you want to invest in ChatGPT stock, you must first comprehend what the ChatGPT technology does. ChatGPT is an artificial intelligence-powered chatbot that generates human-like responses to text-based input queries. Using extensive language model training, the chatbot converses with humans in a natural way.
What is ChatGPT and Who Founded It?
OpenAI, an AI-based venture founded in 2015 by billionaire Elon Musk and Sam Altman, created ChatGPT. GPT-3.5, the most recent iteration of ChatGPT, promises more human-like responses than previous versions. ChatGPT has revolutionised online searching and attracted users of all ages, including college students and working professionals.
Applications of ChatGPT and its Popularity:
ChatGPT can perform a variety of tasks, including answering inquiries, writing essays, solving math equations, generating complex codes, creating poetry and other content, and translating text from one language to another, among others. OpenAI currently generates revenue by charging licence fees to developers who use its technology. OpenAI was valued at $20 billion as of its most recent funding round and anticipates revenue of $200 million in 2023 and $1 billion in 2024.
Investing in ChatGPT Stock:
While OpenAI is a private company, it is possible to invest in ChatGPT stock if shares held by private investors or current employees of the company are available for purchase. To do this, investors can enrol with reputable brokers who specialise in connecting potential investors with insiders of private equity firms. Those who are impressed by the transformation that ChatGPT promises for the future may have a profitable opportunity to invest in ChatGPT.
Investing in AI-Powered Company Stocks for Chatbots
With the emergence of generative AI-enabled chatbots, artificial intelligence (AI) has revolutionised the way in which people interact with technology. By 2027, it is anticipated that the global market for search engines will reach $20.6 trillion, and many companies are developing their own versions of ChatGPT. Here are three prominent U.S.-listed companies that investors may want to consider for ChatGPT stock purchases.
1. Microsoft (MSFT:NSD):
Microsoft is one of the most prominent companies in the AI industry and has direct ties to ChatGPT enabler OpenAI. Following two lesser investments in 2019 and 2021, Microsoft announced a multibillion-dollar investment in OpenAI in January 2023. Microsoft recently incorporated ChatGPT into its Bing search engine and Microsoft Edge web browser. This integration will improve the user experience of Bing and may increase its market share in the trillion-dollar search engine industry.
The MSFT stock consensus rating on Stock Target Advisor is Strong Buy, with a price target of $293.22 indicating 11.5% upside potential from current levels.
2. Alphabet (GOOGL:NSD) (GOOG:NSD):
As the parent company of the most prominent search engine in the world, Google, Alphabet controls approximately 84% of the market share for search engines. Microsoft’s integration with OpenAI nonetheless threatens its position. Alphabet has also announced the imminent launch of its own conversational AI assistant called Bard.
Stock Target Advisor’s consensus rating for GOOGL stock is Strong Buy, with an average price target of $130.19, indicating a potential upside of 37.7% from current levels.
3. Nvidia (NVDA:NSD):
As the competition to become the dominant player in ChatGPT heats up, companies are anticipated to increase their demand for Nvidia’s chips. GPUs from Nvidia are extensively used for training and operating AI models, including deep learning and machine learning. In the future years, Nvidia products will undoubtedly be in high demand due to the rapid expansion of ChatGPT applications.
Strong Buy is the consensus rating on Stock Target Advisor, with an average NVDA price target of $212.12.
Other ChatGPT Stocks:
Amazon (AMZN), International Business Machines (IBM), Intel (INTC), Meta Platforms (META), Baidu (BIDU), Salesforce (CRM), and C3ai are additional ChatGPT stocks that investors may wish to consider for investment. (AI). Through the Stock Target Advisor’s ChatGPT Stocks list, investors can also compare and analyse ChatGPT stocks.
The Takeaway:
Investing in ChatGPT and other AI-powered company stocks for chatbots presents a fascinating opportunity for investors to be part of a rapidly growing and innovative field. With the global market for search engines expected to reach $20.6 trillion by 2027, it is evident that the potential for AI-enabled chatbots is limitless.
ChatGPT, with its ability to perform numerous tasks, has already transformed online searching and has become a favourite among users of all ages.
As AI continues to advance, investors who get in early on the ChatGPT phenomenon may see significant returns on their investment.
