Conversations That Matter: AI, is it a good investment?
Episode 520 | Guest: Murray Leith
Artificial intelligence is a hot topic and investing in the sector is also hot.
The stock of Nvidia, the company that produces the chips that train and process AI models, has soared from US$17 January 2023 to $125 in August. Microsoft, Alphabet, Amazon and Meta are all experiencing upsides due to an intense focus on and hype over AI.
“Investing in AI on the surface is the same as any other stock, except that it isn’t,” says Murray Leith, chief investment officer of Odlum Brown. “Pure large language models like OpenAI’s ChatGPT can only be purchased as stock by buying Microsoft shares. There are also a host of other companies you can buy such as CrowdStrike, Salesforce and Amazon.”
Top AI tech companies have proven to be sound investments. Leith says, as “those companies have proven track records, proven management and they have the resources to develop AI applications and technologies."
But, "investing in companies like AI21 Labs, Cohere and Anthropic is only available through private placement which requires large amounts of investment dollars and those are highly speculative.”
Leith joined a Conversation That Matters on what you need to know if we dare to venture into AI investments. Learn More about our guests career at careersthatmatter.ca
Join us for Conversations Live, Sept. 16 with Green Leader Sonia Furstenau, Sept. 17 with Conservative Leader John Rustad and Sept. 19 with NDP Leader David Eby.
