Kevin O’Leary, also known as “Mr. Wonderful,” is a well-known investor and entrepreneur who has made a name for himself in the world of finance. O’Leary has a lot of experience investing in various companies, from start-ups to established ones. He was an early investor in Amazon, and he has recently turned his attention to the search industry and the potential of AI-driven search engines like OpenAI’s ChatGPT.
In a recent interview with Insider, O’Leary discussed how he sees ChatGPT as a threat to Google, stating that the AI Search wars continue. He stated that ChatGPT now handles about half of his search queries, and he believes that Google is the “loser” in this scenario. O’Leary believes that the disruption he witnessed with Amazon in the 2000s is similar to the disruption we are seeing in the search industry today.
O’Leary is even considering investing in OpenAI, stating that he is looking into an opportunity to do so. He believes that being a first mover in this space provides a marketing advantage, and he prefers to invest in first movers. O’Leary’s interest in ChatGPT is not unfounded, as the AI-powered search engine has gained a lot of attention and popularity in recent months.
ChatGPT’s rapid adoption is a good indicator of product-market match, as noted by angel investor Elad Gil. Despite facing heavy losses and huge computing costs from ChatGPT users that it didn’t anticipate, OpenAI has recently introduced ChatGPT Plus, a subscription service that provides faster response times and better accessibility to the chatbot when it is down due to traffic.
Even though the market has not punished Google stock because of the ChatGPT threat, it remains to be seen what happens if ChatGPT starts to attract significant subscriber fees in the next few quarters. O’Leary’s interest in investing in OpenAI and ChatGPT, even if it is a small bet, shows how much potential he sees in this technology.
In conclusion, Kevin O’Leary’s interest in OpenAI’s ChatGPT highlights the potential of AI-driven search engines and the disruption they can bring to the search industry. While it remains to be seen how ChatGPT will fare against established players like Google, the attention it has received and the rapid adoption it has seen are good indicators of its potential. As an experienced investor, O’Leary’s interest in ChatGPT is worth noting, and it will be interesting to see how the technology develops and evolves in the coming months and years.
