Investing in AI? ChatGPT’s 70% Recommendation

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AI is revolutionizing how we interact with technology. The power of AI engulfs humans with its various applications and capabilities. Should you ask ChatGPT how to invest in AI? Appen, one of the companies investing in Artificial Intelligence, has used human labor to teach computers to recognize images and speech. But now with the advances AIs manage difficult tasks that used to be done by humans and it threatens to take away their jobs.

Bank of America strategist Michael Hartnett suggested that the increase in the share of Nvidia could be a symptom of a “baby bubble” in AI. That is why it is important to be aware of the technology infrastructure employed and scale of the data they collect.

Nick Griffin, from Munro Partners, described generative AI as the “killer app for AI” that will open up many other applications, such as the iPhone. ChatGPT suggests 60-70% of the research and the rest is up to the investors. Finance and technology companies are the main beneficiaries of AI. Global logistics company WiseTech is one example of a company that has the needed attributes to benefit from AI. Technology titans like Microsoft, Google, and Amazon, cloud services providers, will also benefit from AI.

While the opportunities are endless with AI, investors need to be careful of the concentrated bets they’re placing. They need to look at a well-constructed portfolio of stocks such that they don’t put their eggs all in one basket.

Appen is an Australian-based global leader in the development of high-quality, human-annotated datasets for machine learning and artificial intelligence. They equip teams with the data and resources they need to build adaptive systems. Appen’s capabilities span a vast variety of data types including speech and images.

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Nick Griffin is the Chief Investment Officer at Munro Partners. Founded in 2016, Munro Partners is a private wealth management firm that manages customized equity portfolios for high-net-worth clients. Nick has over 20 years of experience in financial markets, specializing in global equity investments. He is a regular guest on Sky Business, Sky News Business, and Bloomberg TV.

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