The Backdoor Bet on OpenAI

In this episode of Dumb Money Live, Dave, Chris, and Jordan discuss investment strategies related to AI, focusing on Microsoft as a "backdoor" investment into OpenAI. Chris shares his unsuccessful attempts to directly invest in OpenAI and speculates on the potential for Microsoft to acquire a significant equity stake in OpenAI, leading to a substantial markup for Microsoft. The conversation covers the dynamics between OpenAI, Microsoft, and other tech companies like Amazon and Google, as well as potential trades involving Microsoft stock and options. Additionally, they touch on other investment opportunities, including Lululemon, Celsius, Pop Mart Hong Kong, and American Eagle, analyzing recent data and market trends. The hosts also briefly discuss Tesla's robotics program and potential impacts of Trump administration policies on the chip industry and specific companies. The episode concludes with a discussion of OpenAI offering ChatGPT to the government for $1, highlighting Microsoft's role in providing the necessary compute power.