Shark Tank investor Kevin O'Leary thinks that artificial intelligence will go a long way this year. As a businessman, he sees AI as another growing investment that he can add soon to this portfolio.
With the launch of ChatGPT and other AI apps, it's no wonder that these bot-generated programs will be more popular in the coming months in different fields of specialization.
Kevin O'Leary Expects AI Competition to Increase
According to the Shark Tank star, the investment potential around artificial intelligence remains high at present.
In a report by Markets Insider, O'Leary said that they plan to give a 3.5% weighting to the AI when 2023 ends. This means that he intends to incorporate artificial intelligence into his future projects.
When Microsoft unveiled the $10 billion Open AI, many people thought that ChatGPT would struggle to dominate the scene. On the other hand, businessmen think that the competition will be healthy among AI app makers as Google and other tech giants create their own version of the bot app.
For O'Leary, ChatGPT is all about using it as an operational tool for the company. He also shares his plans to test how Bing works with OpenAI.
"ChatGPT certainly is a threat to Google, and Google must know that. The market hasn't really punished Google stock for this. But a few quarters from now, if ChatGPT really starts to bring in significant subscriber fees, then we'll see what happens," the Shark Tank star said in an interview with Business Insider.
Related Article: Kevin O'Leary Defends His Role as Former FTX's Spokesman
O'Leary Opens Up Expectations About AI Investment
Everywhere, we can see in the headlines that AI is the main highlight of many tech news. The capability of artificial intelligence appears to have evolved this year since people have discovered more ways to use it outside science and technology.
For instance, O'Leary claims that the AI search wars are already ongoing for Google and other search engines. Speaking of OpenAI, he says that OpenAI could open up some investments for his venture.
At this point, he might be thinking of expanding the deal with ChatGPT to assess the allocation he needs to focus on.
Although it's tempting to invest in an AI-based portfolio, he still thinks that it's important to diversify his investments to various outlets.
O'Leary sees AI as the "next thing," something like a "hot kid on the block." He believes that it's better to sit back and watch before jumping to this trend, especially when we're talking about investment.
Shark Tank Star Thinks Crypto Tokens Have Zero Value
In another report by Bitcoin.com, O'Leary pinpoints that people won't see any worth in investing in crypto tokens. That's because over time, they lose their value until it reaches zero.
Regarding crypto investments, he admitted that he only used FTX because he was offered a spokesperson position. For this role, he received $15 million from the company.
Read Also: 'Shark Tank' Investor Kevin O'Leary Believes NFT Will Surpass Largest Cryptocurrency in the Long Run
