Throughout history, there are a few inventions that have changed everything in a moment and defined periods of time in human history.
The atomic bomb dictated decades of foreign policy, ended what was arguably the largest war ever and still influences the modern political landscape. The internet is so pivotal to modern society that it’s integrated into nearly every aspect of life. Now, the world may be on the cusp of the next big thing.
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OpenAI is a startup pioneering the next generation of artificial intelligence (AI). Founded by Tesla Inc. TSLA CEO Elon Musk, OpenAI CEO Sam Altman and other high-profile investors, the company recently released ChatGPT, a product that likely will have broad implications going forward.
ChatGPT is simple on the surface because it is set up as a normal chatbot. But it’s likely the most advanced chatbot ever to hit the market and was created by scraping years of data from thousands of websites all over the internet and analyzing the data to provide thorough and conversational-sounding answers.
The bot can write poetry, answer complicated questions typically reserved for professionals and understand questions and respond to commands like, “Proofread this story and make it sound happier.”
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While the bot is in its infancy, it still is likely one of the most valuable resources since the invention of Alphabet Inc.’s GOOGL Google and will continue to improve as people interact with it.
If you’re wondering how you can invest in this, you can’t. OpenAI is not publicly traded. But there are other ways to invest in emerging tech like this. For example, hundreds of startups on portals like StartEngine are raising funds at any given time, and many are pioneering the next generation of AI. Because StartEngine takes an equity stake in every startup on its platform, you can benefit every time these startups raise money through their platform or browse their site for AI-based investments and invest in them individually.
Big names like Microsoft and Alphabet are working on the project and have a number of AI-based systems of their own.
Startups can be a lucrative way to invest in things like AI. As they grow in prominence, you don’t have to rely on growth in other sectors of their business. For example, if you wanted to invest in virtual reality, Meta would likely be your best bet, but despite growth in its virtual reality business, declining profits in other areas have led to constant stock declines. Startups can often be a pure bet on an industry, allowing for more targeted bets on bullish industries.
OpenAI’s ChatGPT is a game-changing technology — despite its current bugs. As this technology becomes increasingly prevalent in modern society, it will continue to shape the economic landscape as we know it.
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