Investing in the tech world has become a hot topic since the launch of OpenAI’s ChatGPT back in 2022. Many companies are now striving to develop competing technologies to capture the opportunities presented by generative AI. One of the main players in this field is OpenAI, the creator of ChatGPT, which has enjoyed massive success, boasting hundreds of millions of daily active users. With the recent release of the latest version, GPT-4o, OpenAI is offering it for free to gain a larger market share, with improvements in voice, text, and imaging functionalities.
The generative AI market is expected to grow significantly in the coming years, reaching an estimated $967.65 billion by 2032. This growth potential has attracted the interest of investors looking to tap into this lucrative market. While OpenAI is privately held and does not offer common stock, investors can still gain exposure to the company by investing in Microsoft, which has invested heavily in OpenAI.
Analysts have rated Microsoft and other generative AI stocks as Strong Buy, making them appealing options for investors looking to capitalize on the growing AI market. By choosing to invest in these companies, investors can potentially benefit from the continued evolution and expansion of generative AI technologies.
