Jaspreet Singh: 3 Ways To Use ChatGPT To Become a Millionaire
There is much debate over whether AI is useful or destructive (or both), but can something like ChatGPT help you become a millionaire? According to personal finance expert Jaspreet Singh, it absolutely can be used to help you start building wealth and put you on that path.
On his YouTube channel, Singh noted that his video and its description are not financial gospel and recommended consulting a licensed financial advisor for specific questions. That being said, here are Singh’s three ideas on how to use ChatGPT's to get rich.
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Use ChatGPT To Research AI Companies
One way to use ChatGPT for investment research is to identify companies investing heavily in AI. The key to figuring out which first step to take, Singh said, is to ask ChatGPT which companies are investing in AI. ChatGPT will provide a list of companies investing in artificial intelligence.
Singh said that according to ChatGPT, this list includes Google, Amazon, Microsoft, Nvidia and IBM. He compared the list with a Forbes article about the best AI stocks to buy, which included companies such as Adobe, Amazon, IBM and Oracle.
However, ChatGPT should be treated as a research tool rather than a stock-picking service. AI-generated information can be inaccurate or incomplete, so investors should verify claims using company filings, financial statements and other reliable sources.
"If you're going to be investing in companies, don't just blindly throw your money into companies. Do your research," Singh said, emphasizing the importance of doing your own research. He also pointed to exchange-traded funds (ETFs) as another option for investors to research.
Use AI To Increase Your Profits
The second strategy is to use AI to increase productivity, income or business profits. While AI does not have the most up-to-date information, Singh said he was able to use it to create more fun content within his newsletter.
Singh also highlighted other companies using ChatGPT in a variety of ways. Salesforce's Einstein GPT, for example, can be used to write sales emails to sell its products without requiring a lot of hires.
In 2026, ChatGPT and other generative AI tools can help businesses with tasks such as drafting marketing content, analyzing information, brainstorming ideas and creating customer communications. The potential financial benefit comes from using AI to save time, reduce costs or create additional revenue—not from ChatGPT itself generating money.
Invest in Companies Using AI
If you are not an entrepreneur, Singh said, you can invest in companies utilizing AI. For example, startup companies or online platforms, including Republic, StartEngine or Wefunder, all allow you to invest in startups and look at companies utilizing AI. Singh recommended finding the platform that is best for you.
Investing in startups is different from buying publicly traded stocks or ETFs. Depending on the offering and an investor’s eligibility, crowdfunding platforms can provide access to private companies, but these investments can be highly speculative and difficult to sell. Keep in mind that the Securities and Exchange Commission also warns investors about the risks of relying on AI-generated information when making investment decisions.
Final Take: Can ChatGPT Make You a Millionaire?
The bottom line is that ChatGPT cannot guarantee that someone will become a millionaire. What it can potentially do is help people research investments, improve business productivity and identify opportunities.
For anyone following Singh’s approach, the key is to view ChatGPT as a tool—not a shortcut to wealth. Verify important information, understand the risks and conduct independent research before making financial decisions.
Heather Taylor contributed to the reporting for this article.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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