It is no longer a secret to anyone that OpenAI is currently experiencing an unprecedented level of success and growth, which can only be described as remarkable. In November 2022 the company released the marvel of modern technology known as GPT-3 (Generative Pre-trained Transformer 3) and its specific implementation, ChatGPT.
This groundbreaking language model uses the most advanced deep learning techniques to generate written text that is virtually indistinguishable from human writing. It's no surprise that this incredible tool caught the attention of countless users and investors worldwide.
To put ChatGPT’s success into perspective, it took Netflix 3 years and 5 months to reach 1 million subscribers, 2 years for Twitter, 10 months for Facebook, and around 2.5 months for Instagram to gain the same level of traction. Meanwhile, ChatGPT achieved this milestone in a mere 5 days. And just two months after its launch, the number of users increased a hundredfold, reaching an incredible 100 million.
While companies of all sizes race to catch up with the latest advancements in AI technology, it is expected that only a select few will reach the same level of generative models like GPT-3 and DALL·E (also made by OpenAI), which represent the forefront of AI innovation.
Given all the information presented thus far, you may have found yourself wondering how to get involved and invest in OpenAI.
After conducting a simple Google search, you may have stumbled upon various articles stating that “the short answer to this question is no as OpenAI is currently a private company” or that buying Microsoft stock (MSFT) is one way to gain exposure to OpenAI, as Microsoft owns a significant stake in the company.
However, given the significant fall of tech stocks in 2022, which was responsible for more of the S&P 500’s 2022 declines than all the other components combined, is investing in Microsoft stock really the best option? Is there an alternative?
