While inflation slowed the stock market in 2022, today's investors are eyeing new technological developments. Artificial intelligence (AI) tools, such as Midjourney, ChatGPT, and DALL-E 2, have skyrocketed the public's interest in AI programs. Some tools create art, text, and music for consumers while others automate tasks behind the scenes.
Major companies are investing in AI technology, developing new tools and increasing their value. Buying stocks now might allow you to catch the wave before prices skyrocket.
Microsoft has partnered with OpenAI, which developed the famous AI chatbot, ChatGPT. This program gathers information and responds to questions in seconds. Clients can ask for basic facts or more in-depth knowledge, eliminating the need to scroll through search results. ChatGPT's human-like responses make it even more appealing.
As a result, Microsoft plans to integrate ChatGPT with Bing, the brand's search engine. OpenAI is continuing to develop ChatGPT to make it more lifelike and accurate. Investors are watching MSFT because ChatGPT is one of the most popular chatbots, keeping the technology in the public eye.
Bard, an AI chatbot, is Google's latest venture. Bard is a tool similar to ChatGPT that provides answers to questions with friendly, conversational language. People can use Bard to ask questions, search for facts, generate ideas, write emails, and complete other tasks. Google may integrate Bard with their search engine in the future.
Currently, Bard is only available to beta testers, but Google plans to release the tool to the public. The program uses Google's LaMDA (Language Model for Dialogue Applications) technology. You can invest in GOOGL in anticipation of the launch.
Talk to your financial advisor about investing in the most promising stocks.