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Roundhill Investments Launches Generative AI & Technology ETF

Roundhill Investments, an ETF sponsor focused on innovative financial products, is pleased to announce the launch of the Roundhill Generative AI & Technology ETF  which begins trading on the NYSE Arca. CHAT provides investors exposure to companies at the forefront of artificial intelligence technology, with a focus on generative AI.

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Dave Mazza, Chief Strategy Officer at Roundhill Investments, explains, “Generative AI represents the next frontier of artificial intelligence technology, offering the potential to revolutionize industries such as entertainment, healthcare, and more. With CHAT, investors can gain exposure to this rapidly-evolving field, potentially benefiting from what we believe will be the exponential growth of generative AI technology.”

Unlike other technological megatrends, generative AI has already begun to have significant real-world impact. OpenAI’s ChatGPT has become the fastest application ever to reach 100 million users*, and its customers are already integrating its technology to improve their everyday lives for everything from creative writing to coding software.

Our proprietary research assigns a total addressable market of ~$120 billion to enterprise generative AI software. Meanwhile, Goldman Sachs research suggests artificial intelligence could drive $7 trillion in global economic growth over the next seven years as a result of accelerated productivity growth.

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Generative AI is a type of artificial intelligence technology that uses neural networks to generate new data that is similar in structure and format to existing data. Unlike other AI techniques that use existing data to make predictions or classifications, generative AI can create entirely new data that is original and unique. This is accomplished through the use of complex algorithms that learn to recognize patterns and relationships within large datasets, allowing the AI system to generate new content or ideas that are similar in style or format.

The Roundhill Generative AI ETF (CHAT) is an actively-managed ETF that is designed to provide exposure to companies around the globe involved in generative AI and related technologies.

AiThority: How Generative AI is Transforming Audio Content

“We had been hearing from investors for months that they were interested in investing in generative AI, but were frustrated by the lack of ETF options available to them. Roundhill is excited to be able to meet market demand with CHAT, an ETF comprised of the companies pioneering what we believe to be one of the fastest growing technologies in history,” added Mazza.

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