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OpenAI stock is not listed? Here are 5 listed AI stocks to consider

Artificial Intelligence (AI), Stocks, Tech Stocks

Written by:

Joo Parn (JP)

Artificial Intelligence (AI) is not something new. However, it gained significant traction and attention when ChatGPT, a chatbot was launched in November 2022, taking over global headlines.

What is OpenAI’s ChatGPT?

For those who are unaware, ChatGPT can answer questions or queries with a dose of human touch, in sentences that are articulately constructed. Compared to normal search results, which feedbacks sources and information pieces, ChatGPT answer your questions directly. It can pass the Wharton Business School test, and we even tried to use ChatGPT to analyze stocks!

Not interested in text? There are other AI functions and apps that dole out different forms of media – Lensa and hotpot.ai, for example, can generate artificial intelligence art just by giving random input words.

“An astronaut riding a unicorn in the medieval age” artwork generated by word command inputted

As an investor, you may have taken notice of AI and are thinking of capitalizing on it as an upcoming trend.

Can you invest in OpenAI right now?

Unfortunately, OpenAI is not listed and is not a publicly traded stock. Therefore, you cannot invest in OpenAI as a retail investor at the point of writing.

In this article, we’ll share 5 best AI stocks as an alternative to investing in OpenAI now. Here’re the five AI companies to consider:

Best AI Stocks to Buy

1. Microsoft Corp (NASDAQ: MSFT)

Microsoft Corp is no stranger to most of us. Their Office suite of apps, together with Microsoft Teams, have been indispensable for work and gained significant traction during the COVID-19 lockdown-induced work from home. Microsoft has transformed significantly under CEO and Chairman Satya Nadella, from a pure software company to a cloud-first company.

However, not many people are aware of Microsoft is also slowly becoming an AI company. On top of allowing cloud storage of files and hosting web apps, Microsoft also has raw computing power and sophisticated AI solutions. Azure AI, Microsoft Azure’s AI solution, offers users a portfolio of services for developers and data scientists.

Source: Microsoft

Azure AI not only can be applied to business scenarios to modernize and expedite business processes, it too can be applied to other cognitive services, to develop computer vision, language, and decision-making. These enhancements can be further refined with continuous improvement via machine learning.

Also, since writing commands and programming the AI requires coding, GitHub, an internet hosting service for software development was acquired and made into a Microsoft subsidiary in 2018. Boosting millions of developers and millions of repositories, GitHub is the largest source code host in the world.

Lastly, Microsoft is one of the strategic investors of OpenAI and has also been utilizing some of OpenAI’s capabilities on its cloud.

2. Nvidia Corporation (NASDAQ: NVDA)

You might be surprised by the inclusion of a chip company here. What does a chip company get to do with AI?

Nvidia designs some of the world’s leading Graphic Processing Units (GPU) or in simple layman’s terms, graphic cards. Graphic cards are the backbone and infrastructure to allow computers and machines to undergo deep learning and enhancements.

Without cutting-edge chips, a computer would lose its computing power, which is similar to the brain capacity and IQ of a human. Codes will not get deciphered and executed, nor would the computer be able to enhance its machine-learning capability.

Today, Nvidia’s chip can be also found in the automotive industry. As car manufacturers prepare themselves for the age of Advanced Driver Assistance Systems (ADAS), sophisticated chips that can potentially help train AI to make crucial decisions during driving becomes a key focus.

Nvidia’s ADAS chip in action. Credits: Nvidia.com

Nvidia’s automotive-grade chip can already be found in a variety of branded cars, including Mercedes Benz, BMW, Volvo, and even the Chinese car makers in the likes of Xpeng, Nio, Li Auto, and BYD.

And self-driving is just the tip of the iceberg. Nvidia’s chips can be found in plenty of other sectors that slowly embrace AI. It is just the tip of the iceberg of how Nvidia’s chips can pivot mankind toward a new age of artificial intelligence capability.

Here is Nvidia’s latest earnings on 25 may 2023, $NVDA is up 15% after market hours.

3. UiPath Inc (NYSE: PATH)

UiPath is a robotic process automation (RPA) software company that develops and markets process automation platform. Although founded in Romania back in 2005, it moved and became domiciled in the US.

UiPath develops software that empowers corporations to automate tasks. As companies grow bigger and much more complex, software is necessary to help make work better. Although traditional software helps to streamline work and deliverables between different departments, the amount of work required to be executed by humans increases in tandem, thus making companies employ more as they grow.

UiPath’s proposition is to deliver a platform of solutions, which emulates how humans receive information and execute deliverables. These actions can include logging into various applications, filling up forms, updating databases, and many more.

In their own words, UiPath’s mission is to unlock human creativity and ingenuity by enabling mundane repetitive tasks to be outsourced and completed by AI. Delegating tasks to AI helps to free up the time and effort of more employees, which in the end utilize their mental capacity to work on more value-added initiatives.

In UiPath’s automation lifecycle, their platform helps the client to discover opportunities where automation can occur. In the next step, tasks and objectives that can be automated can be deployed using solutions provided by UiPath. This can include API automation, intelligent document processing, etc.

Lastly, once the automation plan is drafted, it can be executed. The plan can scale accordingly with volume, and business opportunities, allowing companies to react, execute and deliver.

4. C3.AI (NYSE: AI)

C3 AI is a pure-play enterprise AI application software company. Compared to UiPath, which serves more as an automation enabler, C3 AI helps companies develop and simplify enterprise AI application development.

C3 AI’s software platform enables developers to rapidly build applications by using conceptual models of all elements required by an AI application instead of writing complex, lengthy and structured programming codes.

Not only can C3 AI’s applications help streamline processes and work, but with advanced AI and machine learning,  C3 AI’s applications can even help optimize stock levels, processes, and inventory levels, and even highlight supply chain risks.

The benefits or advantages of latching on to the C3.AI ecosystem are that it allows its users to tap on the machine learning capabilities, to not only help corporates be more preventive but also streamline any decision-making hurdles that can time to time disrupt a company’s operations.

C3 AI’s solutions have been employed in various industries, ranging from manufacturing, oil & gas, utilities, financial services, healthcare, retail, and even transportation. Many of its key customers are Fortune 500 companies in the likes of Shell PLC (LON: SHEL), Raytheon Technologies (NYSE: RTX), the U.S. Air Force, Cargill, and the US government’s Department of Defense.

5. Alphabet Inc. (NASDAQ: GOOGL)

Alphabet Inc, Google’s parent company, is also upping its game in the AI realm. As a matter of fact, Alphabet Inc was one of the first few companies to utilize AI to reach where it is today.

By improving and enhancing its search algorithm throughout the years, Google has managed to train its search engine and browser to direct searches to relevant landing pages and websites. It has also replicated its capabilities to YouTube, the world’s largest user-generated video streaming platform.

Not only do searches on Google search become more accurate, but even the video suggestions you come across at the end of every YouTube video become more relevant.

As also one of the world’s largest cloud computing providers, Google too has been upping its AI initiatives in Google Cloud. TensorFlow, Google’s end-to-end open-source platform for machine learning, allows individuals to even multinational corporates to train and implement machine learning capabilities.

One great example that serves as a testimonial of TensorFlow’s prowess is Singapore’s business-to-consumer marketplace Carousell. Carousell’s tech team developed a machine learning feature that enhances the users’ list, sells, and buy items process.

Be it a post by a seller, from the item title and categories, and the images uploaded, TensorFlow helps to enhance the clarity of the items posted, which in turn provides as much information to potential buyers.

Want more AI stock ideas?

Are all AI stocks sure-win bets?

AI is the future. And it can only get better from here on.

So, does that mean that all stocks related to AI are investable?

There are plenty of other companies in different realms and sectors, each of them utilizing AI to create value. Not all companies will succeed. Some will get acquired by competitors or bigger companies.

Some may even fail.

AI put simply is just utilizing computers and machine learning to get tasks done, and sometimes even streamlining and expediting work.

But not all AI-derived methodologies are the same. Nor do they apply to all sectors and industries.

Also, there are up-and-coming smaller AI companies like C3 AI and UiPath, but there is also tech gargantuan like Microsoft, Google, and Amazon that are also in the AI realm. Will big tech continue to innovate to remain relevant, while having the financial muscle to pour in funds to enhance their own AI initiatives, or will the nimble ones score against them?

Whatever what might be, all of these companies spell an exciting prospect not only for the future but also for retail investors as well.

Who do you think will emerge triumphant?

1 thought on “OpenAI stock is not listed? Here are 5 listed AI stocks to consider”

  1. In 1995 I was dating a “checker” from a local supermarket. She told me her job was in danger because it wouldn’t be long until there were “self checkout” stations at supermarkets. She told me she had been a checker at the same supermarket for 15 years, as she mused about what would happen to here position and career. We both were unnerved that something like this was possible, but had no doubt about the writing on the wall.
    My point? I have confidence in the younger generations. We will adapt as humans, as machines adapt to serve us, make our lives easier, and propel us into the astonishingly amazing, unimaginable future.

    Reply

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