A conversation with Shark Tank's Kevin O'Leary on ChatGPT and how to invest in artificial intelligence. (2024)

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Kevin O'Leary is the chairman of O'Leary Ventures, a media personality, and veteran investor. This conversation has been lightly edited for length and clarity.

Phil Rosen: You told me that you're in talks for a potential stake in ChatGPT creator OpenAI. What are you looking at there?

Kevin O'Leary: I'm looking at the ChatGPT deal right now from an equity perspective, deciding what allocation I want to put into it. I'm very fortunate to be offered a piece of it.

Whatever portfolio that position goes into, if we take a position, it won't be more than 5% of it. Either it'll have a good outcome or it won't, but I won't take down the ship or sell the farm for it.

I know there's going to be a lot of competition and a lot of disruption, but I certainly like always to have a piece of the first mover.

What does ChatGPT mean to legacy search giants like Google?

KO: ChatGPT certainly is a threat to Google, and Google must know that.

The market hasn't really punished Google stock for this. But a few quarters from now, if ChatGPT really starts to bring in significant subscriber fees, then we'll see what happens.

Now I'm splitting my search to 50% Google and 50% ChatGPT. Loser is Google. The AI search wars are on.

How much of your portfolio will you allocate to artificial intelligence investments?

KO: Our plan is to probably give artificial intelligence a 3.5% weighting by the end of the year.

AI is sort of the new, hot kid on the block, like the internet was 20 years ago. This is the next thing, and what you learn with next things is that it's often best to invest in the first mover and sit back and watch.

Here are the full insights from my conversation with the man also known as "Mr. Wonderful."

What do you think of O'Leary's insights? Tweet me @philrosenn, or email me prosen@businessinsider.com.

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10. Markets guru Jeremy Siegel is predicting stocks to keep climbing this year. The "Stocks for the Long Run" author and finance professor told Insider that he expects the Fed to start slashing interest rates soon, and that will fuel market gains. He also warned that housing prices could fall 20% from their peak.

Curated by Phil Rosen in New York. Feedback or tips? Tweet @philrosenn or email prosen@businessinsider.com.

Edited by Jason Ma in Los Angeles.