Retail investors flock to small-cap AI firms as Big Tech battles for share


ChatGPT logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration

(Reuters) - Retail investors are piling into small-cap firms that are into building artificial intelligence tools as companies including Google-parent Alphabet and Microsoft jostle to pull ahead in the race for the next big growth driver.

The viral success of ChatGPT has turned the spotlight on AI on Wall Street, reminiscent of the blockchain hype from a few years ago when shares of companies remotely associated with the technology surged.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

OpenClaw's AI agent does everything, even social media
Exclusive-SpaceX, xAI set share exchange ratio at 0.1433, source says
Chinese tech giants trade cash for AI buzz
Tesla introduces new Model Y variant in US priced at $41,990
Google Cloud, Liberty Global strike five-year AI partnership
NXP Semiconductors forecasts upbeat quarter, signaling industrial market bottom
Waymo valued at $126 billion in latest financing as robotaxis gather steam
SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions
Palantir CEO defends surveillance tech as US government contracts boost sales
Exclusive-OpenAI is unsatisfied with some Nvidia chips and looking for alternatives, sources say

Others Also Read