Deloitte: Five ways to invest in technology in 2024... that aren't AI

This time last year, what was then a small private company called OpenAI launched a little something called ChatGPT on November 30^th… and changed the world as we know it.

Since then, it’s fair to say that the world – and the finance sector with it – has gone AI-crazy. Microsoft funneled billions into OpenAI’s research and development, and Nvidia’s stock price as GPU-producing overlords shot to new highs. Soon, the question of the hour for individuals and funds alike became: ‘how can I invest in ChatGPT?’

Unfortunately, as we all know, OpenAI is still not a publicly traded company. But, while investors wait patiently for an OpenAI IPO so as to gain exposure to the ChatGPT revolution directly, Deloitte had other ideas for ways in which to cash in on the current technological gravy train.

Here are five things they identified - taken directly from their report:

1. DevEx minded software – and companies

2. Augmented Reality (AR) software and devices

3. The industrial Metaverse

4. Metaverse-optimised spatial technology gear

5. Technologies and companies specialising in tech stack and core improvement

Read Deloitte's full Tech Trends 2024 report here.