But there is a way to be still a part of their growth. There are collaborating publicly-traded companies that you can always invest in. So, AI is taking over! Recently released ChatGPT from OpenAI is the biggest flag on that fact. So, imagine how big OpenAI would become in a few years’ time. Products like DALL-E and ChatGPT are powered by advanced AI. I mean OpenAI should be the most bullish tech stock.
How To Buy OpenAI Stock?
See, OpenAI is a research laboratory of artificial intelligence. It is formed by OpenAI LP (for-profit) and its parent company OpenAI Inc (non-profit). In 2019, Microsoft invested $1 billion in OpenAI LP. Now the corporation’s valuation is about $20 billion. Venture capital firms like Andreesen Horowitz have also invested in OpenAI LP. When you want to invest in OpenAI, you now have to invest in companies that partner and collaborate with OpenAI. Additionally, investing in the closest competitors would also be a good idea.
Best Companies to Invest in to Be a Part of OpenAI’s Success
These are the companies through which you buy Open AI stock without buying OpenAI stock.
1. Microsoft
The valuation of the company at the time of Microsoft’s $1 billion investment is not mentioned anywhere. But. according to experts, Microsoft’s share could be around 5% of the company’s total shares. So, Microsoft is the best company to invest in you you want to bet on OpenAI’s growth. Buy Misrosoft share Also, read You Can Bypass OpenAI ChatGPT & It’s Dangerous AF!
2. Nvidia
Did you know, all the GPT-3 models of OpenAI were trained on Nvidia GPUs? In that case, don’t you think Nvidia will also benefit from ChatGPT’s revenue? Buy Nvidia share
3. Google
Why Google? It is because Google DeepMind is a direct competitor of ChatGPT. Google will surely try to compete OpenAI. So, you might want to keep an eye on Alphabet stock, the parent company of Google. Buy Alphabet stock So that’s how to buy Open AI stock. Also, read Does Elon Musk Own OpenAI? Everything You Need to Know
How to Buy OpenAI IPO?
As mentioned earlier, OpenAI hasn’t launched an IPO yet. But since OpenAI will need a lot of capital in the future, the company will soon be releasing its IPO. After all, OpenAI LP is a for-profit corporation. If someday OpenAI launches its IPO, you’ll have to buy it just like you would buy any other stock. Once again, how to buy Open AI stock? Through other companies that are associated with OpenAI LP. Open AI is not listed on Wall Street yet.
Wrapping Up
This is very common for traders to look for partners and collaborators to invest in rather than the company itself whose future seems prolific. This strategy is provenly beneficial. Although there is no way to buy OpenAI stock, you can actually touch OpenAI’s growth through your investments in partners and publicly traded investor companies of OpenAI. I will see you in the next one. Ciao!
Δ
