Is there Chat GPT Stock Available?
Chat GPT is a massively popular AI chatbot that has created a huge buzz across the world since its launch in November 2022. The company is poised to register a huge growth in the coming month and that’s what attracts a lot of people to the Chat GPT stock.
But is the Chat GPT stock available for public trade? if Yes, where to buy it? if No, when it will be available?
These are the questions that the stock investors are trying to find out. In this article today, I’ll try to answer all these questions.
What type of Company the Chat GPT is?
Well, the Chat GPT is not a company!
It is one of the tools of the parent company; Open AI.
So the Chat GPT operates under the umbrella company Open AI which was started as a non-profit organization group of people back in 2015.
The founding members include the world’s most popular personalities like Elon Musk, Sam Altman, etc.
Though, Elon Musk resigned from the company in June 2018 due to a conflict of interest and focus on its own organization Tesla and others.
So Elon Musk is no longer associated with Open AI. If you are wondering who owns the Chat GPT, it’s the Founders, Y combinators, Investors, Capitalists, etc.
The company Open AI is constituted of a non-profit Open AI Corporation and a for-profit Open AI LP.
The Chat GPT falls under for-profit Open AI LP that has attracted a lot of investors including tech giant Microsoft and other investors, politicians, Y combinators & capitalists.
Is the Chat GPT Stock Available?
Well, Chat GPT is a private organization, not a publicly traded company, and has not been listed in any stock exchanges, so for retail investors, it’s not possible to buy Chat GPT stock at the moment.
However, looking at the popularity graph since its launch, I would not surprise if we see Open AI being listed on New York Stock Exchange.
Although there is no official announcement as yet. Also, the company is easily attracting investors who are making huge investments in the company.
Microsoft initially invested $1 billion in 2019 followed by a second big investment of $10 billion in 2023.
The company also promised to incorporate Chat GPT – 4 in its Bing search engine. New BingAI is altogether a revamped AI-powered search engine.
There is no direct way you can buy Chat GPT stock since it’s not publicly traded, but looking at the growth, you can invest in the company that has made an investment in Chat GPT parent organizations, such as Microsoft.
By investing in Microsoft you can have exposure to Chat GPT without buying Chat GPT stock.
When Chat GPT stock will be available for Trading?
There is no official announcement from the company as to when Chat GPT stock will be available for trading. In fact, it’s a question of interest that Open AI will at all go public because it is already attracting a lot of investors in the company.
However, it is noted that the whole AI industry has been disrupted in the last few years and it is poised to grow even faster after the launch of Chat GPT.
There are tons of applications and tools being developed every single day that uses AI technology to perform different difficult tasks.
Apart from Chat GPT, we have Google Bard, Bing AI, Jasper, Chat Sonic, Mid Journey, etc that have created a huge buzz among AI enthusiasts.
So while we wait for the Chat GPT stock, it could be a wise decision to invest in a company that is directly or indirectly related to Chat GPT or even AI technology.
Wonder what are those stocks? Let’s check them out!
What are the Chat GPT stock alternatives?
So it’s pretty much clear that retail investors can’t trade Chat GPT stock. However, as we discussed above, there are alternatives to Chat GPT stock that one can plan to invest in. However, it’s advisable to not blindly invest in any of these companies.
Do thorough research before investing.
Here are some of the best Chat GPT stock alternatives.
- Microsoft (Code: MSFT)-
The tech giant has made a huge investment in Open AI; the parent company of Chat GPT once in 2019 and again in January 2023.
Microsoft invested $1 billion in 2019 and $10 billion in January 2023 which means if you invest in Microsoft, you can have exposure to Chat GPT as well.
However, there are plenty of other factors that will decide the future movement to Microsoft stock. So it is advisable to consult a financial advisor before investing.
- NVIDIA (Code: NVDA)
NVIDIA is a graphic card manufacturer and with the growing demand for AI tools and applications, we could witness growing demand for graphic cards as almost all AI machines need graphic cards.
According to Fool.com, 10,000 NVIDIA GPUs were used to train Chat GPT and about 30,000 GPUs are being used to run Chat GPT parent company Open AI that has developed other AI tools such as DALL-E, Open AI Codex, GPT-4, etc.
There are rumors that GPT-5 will also be launched in the next few years. But these are just rumours and we should take it with a grain of salt.
- Perion Networks (Code: PERI)
Period Networks is a small company. It is an Ad-tech company that could be benefited from the growing demand for AI technology.
The company helps to connect advertisers with the publishers and optimize the ads being run. It again can be done with the help of AI technology.
- Amazon (Code: AMZN)
Amazon is yet another good stock that could benefit from the growing demand for AI technology.
Its cloud-based arm Amazon Web Services could see exponential growth in cloud storage demand as time passes.
What’s the Future of Chat GPT & Open AI?
The future of the Chat GPT and Open AI seems bright, at least what it seems today. The company is registering immense growth & a great example to back it up is the fact that Chat GPT reached 1 million users within just 5 days of its launch.
It was a huge success for the company and the number of users the Chat GPT added is faster than any other app or service.
Currently (at the time of writing this article), the Chat GPT has more than 100 million active users with 15% coming from the United States.
The company OpenAI seems very aggressive toward achieving faster growth. After the launch of Chat GPT which is also called Chat GPT 3.5 in November 2022, the company announced GPT-4 which is also called Chat GPT Plus.
The Chat GPT Plus subscription costs $20 per month and you’ll have to pay the amount every month to continue using Chat GPT Plus.
The company’s application GPT-4 is incorporated in Microsoft’s BING search engine and it’s one of the biggest users of Chat GPT.
However, other companies like Duolingo are planning to integrate their services.
The Chat GPT can be used by content creators which is a huge market, it can also be used in customer service as the demand for AI chatbots is quite huge there.
The ChatGPT can be used in the service industry as well. So the future seems bright.