According to one site, ChatGPT can put you on your way to becoming a millionaire. YouTube video From personal finance expert Jaspreet Singh.
As a disclaimer, Singh states that the content of this video and its description are financial advice. If you have specific financial questions, we encourage you to consult with a licensed advisor. Disclaimers aside, here’s how ChatGPT can help you become a millionaire.
How to make more money using ChatGPT
In the video, Singh outlines 3 ways to earn more with ChatGPT.
Invest in companies that develop AI.
Use AI to increase your income or save money for your business.
Own some of the companies that are leveraging AI.
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Investing in companies that create AI
Singh said the key to finding the answer to this question is to ask ChatGPT which companies are investing in AI. ChatGPT provides a list of companies investing in artificial intelligence.
According to ChatGPT, the list includes Google, Amazon, Microsoft, Nvidia, and IBM. Singh compares a list of companies that ChatGPT said are investing in AI with a Forbes article on the best AI stocks to buy. Some of the brands are Adobe, Amazon, IBM and Oracle.
“If you’re going to invest in a company, don’t just blindly throw money at it. Do your research,” Singh said. Exchange-traded funds are the next best, according to Singh’s recommendations. (Singh encourages viewers to do due diligence before investing.)
Increase profits with AI
The AI isn’t up to date, but Singh said it can be used to create more fun content within the newsletter.
Singh also highlighted other companies using ChatGPT in different ways. For example, Salesforce is building its own competitive ChatGPT that can be used to create sales emails to sell products without the need for mass hiring.
Own part of an AI-powered company
You don’t have to be an entrepreneur to invest in AI-powered companies, Singh said.
Startups are a good example, according to Singh. Online platforms like Republic, StartEngine, and Wefunder let you invest in startups and watch companies harness AI. Singh recommended finding the platform that works best for you.
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This article was originally published on GOBankingRates.com: Money Expert Jaspreet Singh Says ChatGPT Can Make You a Millionaire – Here’s How