What Do Financial Experts Say About Investing in AI Stocks?

On March 14, 2023, artificial intelligence laboratory OpenAI released GPT-4, its latest large language model, or LLM.

Despite being released less than four months after its predecessor, GPT-3.5, the new model is capable of much greater feats of intelligence. OpenAI claims GPT-4 scores in the top 10% on the Uniform Bar Examination and the top 12% on the Law School Admission Test. For comparison, GPT-3.5 scored in the bottom 10% and bottom 40%, respectively.

The potential economic impact of this kind of AI advancement is hard to put a number on. In a 2022 report, accounting and consulting firm PwC, also known as PricewaterhouseCoopers, estimated that AI could contribute $15.7 trillion to the global economy by 2030.

Given these numbers, it’s no wonder that AI stocks have started to get attention from investors.

What are AI stocks?

Haydar Haba is the founder of Andra Capital, a venture capital firm that invests in AI companies. He said in an email interview that there are several publicly…

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This article was written by Sam Taube and originally published on www.nerdwallet.com