Chairman of O’Shares ETFs and renowned shark tank investor Kevin O’Leary has recently advocated artificial intelligence and considers it to be one remarkable investment opportunity.

In a recent interview O’Leary told Insider that AI will be the fastest growing category in his portfolio for 2023.

“Our plan is to probably give artificial intelligence a 3.5% weighting by the end of the year,” O’Leary said.

earlier this month, microsoft corp MSFT revised his Am Search engine powered by Open AI’s ChatGPT technology. In response, alphabet inc Google Google started bard in an effort to compete with Microsoft’s use of AI.

“ChatGPT is certainly a threat to Google, and Google needs to know that. Unfortunately, the market has yet to punish Google stock for this. But in a few quarters if ChatGPT is starting to gain significantly subscription fees, then we’ll see what happens,” O’Leary said.

O’Leary said the AI ​​search wars for Google and other search engines are already ongoing. Speaking of OpenAI, he said it could open up some investments for his company.

“AI is the hot new kid on the market, just like the internet was 20 years ago. This is the next thing, and what you learn with the next things is that often it’s best to invest in the first step and sit back and watch,” he said.

“It’s possible that the biggest AI winner will ultimately be an under-the-radar candidate who isn’t a household name,” O’Leary said.

O’Leary said he has been offered an opportunity to invest in OpenAI, a private company, and may invest within the next 90 days.

“I’m currently looking at the ChatGPT deal from an equity perspective and deciding what allocation I want to put into it. I’m happy to be offered a part of it,” added O’Leary.

Continue reading: Interested in joining Microsoft’s new AI-powered Bing search engine? Here’s what to do

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