OpenAI is one of the companies that became a global sensation in 2022 and took over the artificial intelligence (AI) industry by storm with ChatGPT. OpenAI’s massive success has left thousands of investors wondering how to buy OpenAI Stock in 2023?
Unfortunately, general public cannot directly buy OpenAI stock since it’s a privately owned company and not listed on any stock exchange.
However, you can still gain exposure to OpenAI by purchasing stocks of those companies or organizations that have a strong partnership with OpenAI. This includes Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOG), and more.
In this article, we will be mentioning a detailed guide on how to buy OpenAI Stock in 2023, Open AI Stock Price Chart, How to buy OpenAI IPO, and more.
Can You Buy Open AI Stock?
No, you cannot buy OpenAI stock, since it’s a private company. OpenA does not have publicly traded stocks. This means you cannot buy stocks of OpenAI like you would with a publicly traded company
Is Open AI Publicly Traded?
OpenAI is not a publicly traded company. It’s a private organization and its shares aren’t available to purchase on the stock market. You can’t invest in OpenAI directly. However, you can gain exposure of OpenAI by investing in company collaborating with OpenAI.
Should you invest in Open AI?
You can’t directly invest in OpenAI. But investing companies collaborating with OpenAI like Microsoft and NVIDIA might be worth it looking at its demand. However, you should be aware that investing in AI might hold risks factor as well due to its volatility and evolution.
How to buy OpenAI stock? Step-by-step process
OpenAI is privately owned, and its stock is not presently available for trading on any stock exchange. You cannot purchase OpenAI stock through a regular broker until the company goes public with its Initial Public Offering.
While direct investments in OpenAI are not accessible to the general public, there are some possibilities for indirect investment. One of the most obvious options is to invest in partner companies such as Microsoft.
Here’s a step-by-step guide on how you can invest in OpenAI stocks through partner companies:
1. Research and Educate Yourself:
Learn about the stock market, investment strategies, and companies. Understand risks and rewards, economic trends, and company performance. Define your investment objectives and assess your comfort level with risk. Determine whether you seek long-term wealth-building or short-term gains.
2. Choose a Reputable Brokerage Account:
The first step in investing in OpenAI stocks is to find a reliable broker that aligns with your investment goals and strategies. Consider the following factors when selecting a broker:
- Reputation: Look for brokers with a strong reputation and proper licenses from financial authorities like the Financial Conduct Authority (FCA) or Financial Industry Regulatory Authority (FINRA).
- Fees: While lower fees are important, also consider other factors such as ease of access, security, customer support, and analytics tools.
- Offerings: Seek brokers that provide a wide range of investment products, including mutual funds, ETFs, and options, to cater to your investment preferences.
3, Open and Fund Your Account:
Follow the brokerage’s account opening process, providing identification and funding details. Transfer the desired amount into your account.
Usually, you can achieve this by easily linking your brokerage account to your bank account or using other payment options such as PayPal.
4. Place a Trade:
Log in to your brokerage account and execute trades for the chosen stocks, specifying the number of shares and order type (market or limit).
For instance, if you decide to invest in Microsoft through eToro, visit the broker’s website and find Microsoft’s ticker symbol (MSFT). Indicate the number of shares you wish to purchase and select your preferred order type (market, limit, options) before completing the transaction.
5. Monitor and Manage Your Investment:
Stay updated on company news and market trends. Be prepared to adjust your portfolio based on financial goals and market conditions.
Top 5 OpenAI-related Stocks to Invest in
While the possibility of purchasing OpenAI stock is pending, consider that these rival stocks are actively investing in AI services and supercomputers.
- Microsoft (MSFT)
Investing in Microsoft presents the most direct route to gaining exposure to OpenAI. Microsoft has been collaborating with OpenAI since 2016 and recently declared a long-term partnership, accompanied by a substantial $10 billion investment in January 2023.
- Nvidia (NVDA)
Nvidia is a prominent producer of AI hardware and software, supplying technology companies for various applications like OpenAI, bitcoin mining, self-driving cars, and video games. Though OpenAI’s reliance on Nvidia has decreased due to its partnership with Microsoft, Nvidia remains a leader in the AI sector and other technology-related investment themes.
- Alphabet (GOOG)
Alphabet Inc., the parent company of Google, is considered a potential rival to OpenAI, with its own AI offering called Bard, which features search suggestions, image analysis, and computation. Alphabet generates revenue through Google and YouTube’s ad services and oversees the Android smartphone operating system and various other initiatives.
- Amazon (AMZN):
Amazon, known as the world’s largest online retailer, expands its services to include tablets, streaming, and local delivery. Additionally, Amazon Web Services (AWS) is a major player in cloud computing, partnering with Hugging Face and Stability AI for AI-driven solutions that challenge OpenAI’s Dall-E.
- Artificial Intelligence ETFs:
For diversified exposure to AI businesses, consider investing in Artificial Intelligence stocks or Exchange-Traded Funds (ETFs). These ETFs offer a way to benefit from multiple companies in the AI sector, which can be challenging to pick individually.
Choosing among these options allows you to explore AI-related investments while waiting for OpenAI stock availability, helping to diversify your portfolio with various AI-focused opportunities.
Open AI Stock Price Chart
The stock price chart for OpenAI is not be available as it is a private organization and not listed on any stocks exchange. Therefore, it does not have a stock price that can be charted over time like companies listed on stock exchanges.
Does Microsoft Own Open AI?
OpenAI is owned by a group of 19 investors, from Khosla Ventures, Reid Hoffman, Reid Hoffman, Andreessen Horowitz, Bedrock Capital, Matthew Brown Companies, Thrive Capital, Sequoia Capital and a few others including Microsoft. Here you can find full List of Openai Investors.
On January 23, 2023, Microsoft and OpenAI announced a major investment deal. The specific dollar amount of the investment was not disclosed, but rumors suggest it could be as much as $10 billion.
This marks the third phase of the partnership between the two companies, following previous investments in 2019 and 2021.
Microsoft’s involvement in the AI industry includes:
- A $1 billion investment in OpenAI in 2019.
- Ownership of GitHub, which released Copilot, an AI-powered coding tool.
- Using Dalle to power Bing Image Creator, enhancing image search capabilities.
- Development of Valle, an AI voice generator based on a mere 3 seconds of input.
- Integration of GPT (Generative Pre-trained Transformer) technology into various applications like Word, PowerPoint, Outlook, and Bing.
There are speculations that Microsoft may acquire a 49% stake in OpenAI with 75% of the profit.
For investors interested in OpenAI’s future stock price and the potential of artificial intelligence, purchasing Microsoft stock is considered an attractive option.
How to Buy Open AI IPO
Until OpenAI goes public with an IPO, buying its stock through a conventional broker is not possible. However, there are opportunities to purchase shares in pre-IPO companies through private share marketplaces, where early investors or employees who received shares as part of their compensation may sell them.
Keep in mind that this type of investment comes with risks, and the availability of shares may vary. The current flat IPO market has led to increased availability and potentially more accessible pricing for pre-IPO shares, making it an option for long-term, high-risk investors with cash to spare.
Pre-IPO secondary markets are platforms where private company shares are traded, but they often have specific investor requirements, and share availability is not guaranteed.
Forge Global and Sharespost merged to create the world’s largest marketplace for private company shares, with a minimum purchase of $100,000 worth of shares (the amount may vary for different companies).
EquityZen acquires shares from early investors or employees and requires a minimum investment of $10,000. Nasdaq Private Market grants access to private-company shares for SEC-accredited investors.
EquityBee is a private marketplace where investors can fund employee stock options in exchange for a share of future sale proceeds.
When engaging in pre-IPO markets, it’s crucial to be aware that the issuing company typically needs to approve most of the stocks. Exercise caution when dealing with unfamiliar platforms that offer shares, as they may lack the required approvals or legal authorization for trading.
FAQs
1. How to buy Open AI stock?
As of now, OpenAI is a privately held company, and its stock is not available for public trading on any stock exchange. Therefore, you cannot directly purchase OpenAI stock. However, you can invest in companies that have financially backed OpenAI through private share marketplaces or consider alternative investments in the AI sector.
2. How much is Open AI stock?
Since OpenAI is not a publicly traded company, there is no established stock price for it. As a private company, its valuation and stock price are not publicly disclosed.
3. What is Open AI stock symbol?
As a privately held company, OpenAI does not have a stock symbol since its stock is not publicly traded on any stock exchange.
4. Who owns OpenAI stock?
OpenAI’s ownership is not publicly disclosed since it is a private company. Presently, the non-profit division of the organization retains control over them, with Sam Altman serving as their current CEO. Sam Altman co-founded OpenAI with Elon Musk (he left), and the company has experienced substantial growth in recent times.
Over time, the ownership structure might have changed due to additional funding and investors, but specifics about current ownership are not publicly available.