Shark Tank's Kevin O'Leary is in talks with ChatGPT creator OpenAI for an equity investment in the company
The craze has sparked a push from investors for anything even vaguely related to artificial intelligence, with shares of companiesO'Leary said that the valuation given to OpenAI right now is"very, very extreme" in his opinion, given that the technology is so new.
Yet the veteran investor added that the same criticisms have been leveled at many new technologies in their earliest days, including Amazon in the 2000s, which he was also an early backer of. Overall, O'Leary says his investments prioritize diversification more than other factors. Whatever portfolio that position goes into, if we take a position, it won't be more than 5% of it," he said.
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