OpenAI, the developer of ChatGPT, is receiving billions of dollars in funding from Microsoft Corp. MSFT. The rollout of this new technology has been followed by similar efforts by Alphabet Inc. GOOGL and other companies and is generating excitement among investors large and small.
Check out the year-to-date performance for three well-known AI and robotics exchange-traded funds against the S&P 500 SPX and the Invesco QQQ Trust QQQ , which tracks the Nasdaq-100 Index NDX : See the Financial Crime column for more, including Lukas I. Alpert’s look at a giant-tire Ponzi scheme.
Pro Tip: short AI
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