Can you buy stock in ChatGPT? Yes and no. There is no ChatGPT stock or OpenAI stock at this time, and there are no plans of an OpenAI IPO in the foreseeable future. However, there is a way to invest in OpenAI (and ChatGPT) in the stock market — allowing to benefit from ChatGPT’s latest successes. But first — why would you want to invest in ChatGPT?
ChatGPT Updated 2023 Stats
ChatGPT took the world by storm in 2023, and quickly broke records. ChatGPT reached 100 million monthly active users in record breaking time, surpassing Tiktok’s record. And to reach 1 million users, it took ChatGPT just 5 days.
Source: ExplodingTopics
And views? Chat.openai.com generates 1.8 billion visits per month — though this statistic doesn’t directly relate to unique visitors, it’s still an incredible statistic. This puts ChatGPT in-line with sites like Reddit, which receives about 1.7 billion visits per month.
Source: ExplodingTopics
Views and traffic are great, but it’s meaningless if the company isn’t making money. Luckily, that isn’t a problem for ChatGPT. In the small handful of months that ChatGPT has existed, the burgeoning company has garnered several high profile clients, like Snapchat, Salesforce, Morgan Stanley, and many more. Not to mention ChatGPT has received two massive investments from Microsoft — one for $1 billion dollars, and another for a staggering $10 billion (more on that later).
All of these factors have led to funds valuing OpenAI, ChatGPT’s owner, at $29 billion. That would technically make OpenAI stock a large cap name, though even this estimate seems conservative, considering this puts OpenAI at the same valuation as DoorDash ($28 billion).
In short, ChatGPT is hands down the fastest growing product in 2023, and AI will likely become the word of the year in 2023. So how can you invest in ChatGPT?
How to Invest in ChatGPT
First thing’s first, there’s no ChatGPT stock. ChatGPT is a product, not a company. Having a ChatGPT stock would be like having an iPad stock, or an F150 stock. These are products owned by another company. That company, in this case, is OpenAI.
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How to Buy Stock in OpenAI
Unfortunately for those wanting to buy stock in OpenAI, there isn’t an OpenAI stock either. And according to CEO Sam Altman, there won’t be any OpenAI IPO for the foreseeable future.
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Why Won’t OpenAI IPO?
Sam Altman spoke about this on June 7th, when he said he quote, “Doesn’t want to get sued.” He went on to elaborate that, as OpenAI develops superintelligence, the company will have to make some decisions that would appear “strange” to shareholders. Likely, he’s calling back to what he said earlier in the year, when he expressed concern that developing AI too fast could lead to catastrophic consequences for humanity. This is an opinion shared by billionaire Elon Musk, who called for a moratorium on AI development. As a caveat, Sam Altman is a self-described “doomsday prepper.”
OpenAI has also said that if another company were to take the lead in AI development, rather than competing, OpenAI would merge with that company for the greater good. That means one longshot
This may pour some water on those wishing to buy shares in OpenAI stock (which, given AI hype, would likely become an instant meme stock) but don’t give up — there is a way to gain exposure to OpenAI stock: Microsoft.
Microsoft is the Only Way to Invest in OpenAI
Microsoft is the largest investor in OpenAI, meaning when ChatGPT makes money, Microsoft makes money too. Not only that, Microsoft is working closely with the developers at OpenAI to increase value in its suite of products, from Github to Azure to Bing.
Microsoft got in early, too — the company invested $10 billion dollars in OpenAI in January, less than two months after the creation of ChatGPT, and before ChatGPT began picking up many of its high profile clients. That wasn’t Microsoft’s first 10-figure investment in ChatGPT either.
Microsoft reported earnings shortly after that large investment, but those earnings largely didn’t reflect its gains related to ChatGPT. This quarter, some analysts believe that ChatGPT’s rocketing popularity and commercial success could give a big boost to Microsoft’s top line, according to analysts at Wells Fargo and elsewhere.
We won’t get more information about how significant the impact has been for Microsoft until we hear from Microsoft at the upcoming earnings release, estimated on July 25th.
