Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Wednesday, March 5th, and I'm your host, Kim Khan. Our top story so far,

OpenAI, the Microsoft-backed maker of ChatGBTGPT, could sell artificial intelligence agents that could cost as much as $20,000 a month.

The information reports that OpenAI expects 20% to 25% of its revenue to come from AI agents.

Overall, the company is on track to generate $4 billion in annualized revenue.

The $20,000 a month agent would be a Ph.D-level research agent and would be geared towards

those looking to supplement software engineers or medical researchers. Other agents could be priced

at $2,000 per month and marketed towards high-income knowledge workers, while $10,000 per month

agents could be used for software development. AI agents are software that can interact with data and the environment surrounding them

and perform tasks by themselves to meet specific goals.

The company currently generates revenue from its application programming interface

and multiple tiers of ChatGBT,

including ChatGPT Pro, which costs $200 a month.

No word yet on development of an AI Hollywood agent,

but there must be a market for software that can guarantee back-end points

and doesn't need to be thanked at the Oscars.

Looking to the economy,

ADP's measure of February private payrolls rose by just 77,000,

far lower than the 162,000 consensus,

and the 186,000 jobs added in January.

It was the smallest rise since July, but there's always a but with the ADP numbers given questions over methodology.

Panthean macroeconomist Samuel Toome says the abysmal record of ADP's data in forecasting private payrolls

...