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How to buy OpenAI stock in Australia
To invest in OpenAI or ChatGPT you can buy shares in public companies such as Microsoft and NVIDIA.
Looking to invest in ChatGPT or its parent company OpenAI?
Unfortunately, you can't directly buy OpenAI stock as the company is not listed on any stock exchange, but you can invest in companies that have exposure to ChatGPT or AI technologies that might benefit from OpenAI's success.
The most direct way to invest in OpenAI is to buy shares in Microsoft (MSFT). Microsoft has formed a partnership with OpenAI and has the largest known stake in the company to date.
About OpenAI
OpenAI was founded in 2015 by a group of mostly computer scientists, with Sam Altman and Elon Musk serving as Chairmen. The startup shot to fame by 2023 with the launch of ChatGPT, an AI-powered advanced language model.
Details about the exact ownership structure of OpenAI is not available because it's a private company and previously a nonprofit. This means these details do not have to be publicly disclosed. However the company has recently been valued at between US$27-US$29 billion.
In 2019, Microsoft formed a strategic partnership with OpenAI to continue the development of ChatGPT, with Microsoft providing resources and cloud support in exchange for access to leading AI technologies. It has since invested around US$13 billion in the tech start up.
How to invest in OpenAI
OpenAI is a private company, so you can't buy shares directly. However, you can buy shares in other companies that have exposure to ChatGPT or AI technologies. Here are the steps:
- Select your stock. Check out some of the stocks that you can invest in below to get exposure to ChatGPT. Make sure you do your research and take your financial circumstances into account.
- Choose a trading platform. If you're a beginner, our share trading platform comparison table below can help you choose. You'll typically need your ID, bank details and tax file number to open an account.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Order your stocks: Depending on the platform you choose, you may have multiple ways that you can order your stocks. The most common orders are the 'market order' which lets you buy at the most current price and the 'limit order' which lets you set a purchase price.
The whole process can take as little as 15 minutes.
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Stocks with exposure to OpenAI, ChatGPT and AI technology
Several companies and prominent figures are reported to have invested in OpenAI since its early beginnings in 2015, including Amazon, Elon Musk, Jessica Livingston and Microsoft. But as OpenAI is a private company, it's not clear whether all of these companies still have a stake in the AI firm.
Other companies that could benefit from the rise of ChatGPT and related technologies are those building their own AI platforms or partnering with OpenAI to integrate technologies.
Other companies that could benefit from the rise of ChatGPT and related technologies are those building their own AI platforms or partnering with OpenAI to integrate technologies.
Other companies that could benefit from the rise of ChatGPT and related technologies are those building their own AI platforms or partnering with OpenAI to integrate technologies.
Microsoft (MSFT)
Microsoft has the largest known stake in OpenAI, having invested US$13 billion since 2019. Microsoft is also the exclusive provider of computing power for OpenAI's research, products, and programming interfaces for developers. GPT-3 is licensed exclusively to Microsoft.
In turn Microsoft has integrated ChatGPT technology into its Bing search engine in the form of Bing Chat as well as its Microsoft 365 Azure cloud and other software applications.
Amazon.com (AMZN)
Amazon is thought to have invested in OpenAI in the early days but the arrangement is not clear.
Today Amazon is working on several of its own AI projects including application technologies that directly rival ChatGPT technology. AI projects include its Alexa voice assistant and AI tools and services available through its Amazon Web Services.
NVIDIA (NVDA)
NVIDIA's graphic processing units (GPUs) have become foundational hardware in AI training, including by ChatGPT. In fact, Microsoft has said the supercomputer used to build ChatGBT used thousands of NVIDA GPUs to power it and rival companies are following suit.
Although they started in the gaming sector, their AI-specific hardware and software platforms like CUDA have made them central to the AI boom.
Advanced Micro Devices (AMD)
As NVIDIA's main rival, AMD has positioned itself well in the AI and machine learning hardware space. Like NVIDIA, it produces GPUs that are applicable in AI processing.
Although NVIDIA's GPUs are the top choice by companies building AI applications, AMD's competitor chips may prove themselves in the coming years as demand for GPUs increases.
Alphabet (GOOGL)
Google's parent company invests heavily in AI. DeepMind, a subsidiary of Alphabet, is at the forefront of AI research. Google also utilises AI in its search algorithms, advertising, Google Assistant, and cloud services.
In early 2023, Google announced the launch of its own AI chatbot Bard, a direct rival to ChatGPT.
Baidu (BIDU)
Often referred to as the "Google of China," Baidu has invested heavily in AI research and applications, including its Apollo autonomous driving platform and DuerOS voice assistant platform.
Baidu launched its own AI chat style service called Ernie in March 2023 - the first Chinese company to release a direct rival to ChatGPT.
OpenAI ETFs (ETFs with AI exposure)
If you'd prefer to invest in a whole portfolio of AI-related stocks, you could instead buy units in an ETF.
There are several AI-themed ETFs listed in Australia to choose from:
BetaShares Global Robotics and Artificial Intelligence ETF (ASX: RBTZ)
RBTZ invests in global companies with exposure to robotics and AI products and services. This includes both the production and use of the products. Its focus segments include robotics and automation, AI and autonomous vehicles and drones.
To date, the ETF holds around 40 companies with the largest weighting in NVIDIA.
Global X ROBO Global Robotics & Automation ETF (ROBO)
Like the name suggests, ROBO focuses on companies involved in robotics, AI and automation across a range of global markets and industries. To date, its largest holding is with Ocado Group, a British technology business aimed at bring automation to grocery delivery services.
BetaShares S&P/ASX Australian Technology ETF (ATEC)
Unlike the previous 2 ETFs, ATEC invests only in technology companies that are listed on the Australian Securities Exchange (ASX). As it tracks the S&P/ASX All Technology Index, it's covers tech companies from a broad range of sectors in Australia including IT, financial and healthcare. While it may offer some exposure to AI, this ETF offers the least exposure of the three.
Compare trading platforms to buy OpenAI shares
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.
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