Artificial intelligence is exciting many investors. Computer chip designer Nvidia Corp, the current poster child of AI, has seen its share price rise around 200 per cent this calendar year, while Microsoft is up around 50 per cent.

The recent excitement has been ignited by the development and release of AI-powered technologies, with the most high profile being ChatGPT, an AI chatbot trained to follow a conversational instruction and provide a detailed response. This format makes it possible for ChatGPT to answer follow-up questions, admit its mistakes, challenge incorrect premises and reject inappropriate requests. This was developed by OpenAI and released in November 2022.