How and Why to Invest in AI

Money For the Rest of Us

J. David Stein

Investing, Investing Podcast, Business, Economics, Economy

4.5 • 1.4K Ratings

🗓️ 12 July 2023

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

AI models like ChatGPT could lead to massive productivity gains, accelerated economic growth, and higher stock returns. Here's how to invest in AI.

Topics covered include:

How workers are already using AI models like ChatGPT to boost productivity
Why ChatGPT is better at search than Google for certain queries
How AI models will change the economic narrative
What are ways to invest in AI, including specific ETFs

For more information on this episode click here.

Sponsors

NetSuite – the leading integrated cloud business software suite

Masterworks – invest in contemporary art

Masterworks Disclosure:

“net IRR” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold, and past performance is not indicative of future results. See important Reg A disclosures: Masterworks.com/cd

Show Notes

Sarah Silverman Sues OpenAI and Meta Over Copyright Infringement by Zachary Small—The New York Times

ChatGPT saw its first-ever user decline in June by Igor Bonifacic—Engadget

A New Chat Bot Is a ‘Code Red’ for Google’s Search Business by Nico Grant and Cade Metz—The New York Times

How to get a handle on AI’s many implications for economies and markets by Neil Shearing—Capital Economics

Lessons From the Catastrophic Failure of the Metaverse by Kate Wagner—The Nation

To Drive AI, Chip Makers Stack ‘Chiplets’ Like Lego Blocks by Yang Jie—The Wall Street Journal

Investments Mentioned

iShares Semiconductor ETF (SOXX)

Roundhill Generative AI & Technology ETF (CHAT)

Robo Global® Artificial Intelligence ETF (THNQ)

iShares Robotics & Artificial Intelligence Multisector ETF (IRBO)

iShares Exponential Technologies ETF (XT)

Vanguard Total World Stock ETF (VT)

Related Episodes

184: Massive Job Losses Are Inevitable, But There Will Still Be Work

198: Capitalism Is Creation

256: Will Artificial Intelligence Change Investing?

417: Will Generative AI Replace Your Job?

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Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to Money for the Rest of Us. This is a personal financial show on Money. How it works,
0:06.6	how to invest it, and how to live without worrying about it. I'm your host David Stein,
0:11.2	today is episode 439. It's titled Why and How to Invest in AI.
0:18.4	Recently, on our Money for the Rest of Us Plus member forum, this is our premium membership
0:24.0	community, a member wrote the following, I believe that AI could currently be underhyped.
0:31.4	I'm working as a software developer and use chat GPT on a daily, almost hourly basis.
0:38.6	It's improved my productivity by roughly two and a half times. It's going to allow the
0:43.8	automation of all kinds of business processes in the world to happen at a much faster pace than
0:48.9	we expected. Now that caught my attention. This software developer has been instrumental,
0:55.2	what was very influential in helping us release providing some guidance as we build out asset camp,
1:02.1	the tool we released last month to help investors analyze stock index funds.
1:08.5	This is a developer that I trust, but at the same time, underhyped, it seems like AI and chat GPT
1:16.0	has gotten a lot of hype. And AI isn't new. We've covered AI way back first time,
1:21.8	episode 184 in 2017. And again, in episode 198 in 2018, we looked at AI and investing, including
1:30.5	large language models in episode 256 in 2019. We did take a look at chat GPT early this year in
1:38.5	January, in episode 417, chat GPT is built on a large language model, which they train on vast
1:48.5	amount of data and then it's a word predictor. And somehow the idea of it just predicts words
1:55.0	seemed underwhelming and I dismissed it. I've monitored the growth of chat GPT, but I wasn't
2:02.6	using it until last week. And I was up most of the night using it. Now, before I share how I used it,
2:09.2	this software developer that's using it almost hourly, I asked him, what are you doing with it?
2:15.8	First, he points out that he always checks the accuracy of the output of chat GPT because it
2:22.8	does say things that are incorrect, but he uses it for the mundane parts of programming that aren't
	...

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