Shark Tank’s Kevin O’Leary is in talks with the creator of ChatGPT OpenAI

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In an exclusive interview with Insider, Kevin O’Leary shared that he was in talks to invest in OpenAI. O’Leary said he was looking to secure a deal to back the ChatGPT creator within the next 90 days “I like to invest in first mover because they have a marketing advantage.” Something is loading.

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Shark Tank star Kevin O’Leary is in talks to invest in ChatGPT creator OpenAI, the investor and market personality told Insider in an interview.

He said he was unable to share details of the investment, such as the dollar amount, but noted that a deal was likely to be completed within the next 90 days.

“I’m looking at the ChatGPT deal right now from an equity perspective, deciding what allocation I want to put into it,” O’Leary said. “I’m very lucky to be offered a piece of it.”

OpenAI secured a $10 billion investment from Microsoft last month, a move welcomed by O’Leary as a shareholder in the tech giant.

“I like to invest in first-mover because they have a marketing advantage,” O’Leary said in a call Tuesday.

The natural language bot has gone viral since its launch in November, as users turn to it for a range of tasks such as writing articles, emails and even dating app messages.

The craze has sparked an investor push for anything even vaguely related to artificial intelligence, with company stocks soaring on small space-related updates.

O’Leary said the assessment given to OpenAI right now is “very, very extreme” in his opinion, given that the technology is so new.

Yet the seasoned investor added that the same criticism had been leveled at many new technologies in their early days, including Amazon in the 2000s, of which he was also an early proponent. Overall, O’Leary says his investments prioritize diversification more than other factors.

“Whatever portfolio this position goes into, if we take a position, it will not be more than 5%,” he said. “Either it will do well or it won’t, but I won’t dismantle the ship or sell the farm for that. I know there will be a lot of competition and a lot of disruption, but I as always d ‘have a piece of the first engine.’

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