Cathie Wood now has a stake in OpenAI

By:
on Apr 12, 2024
Listen
  • Cathie Wood invested in OpenAI via her Ark Venture Fund.
  • The influential investor says OpenAI has the data advantage.
  • Cathie Wood sees AI as a catalyst for disruptive innovation.

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

OpenAI is in focus at writing after Cathie Wood announced to have taken a stake in the artificial intelligence company behind ChatGPT.

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

How much did Cathie Wood invest in OpenAI?

Copy link to section

She made the investment via her Ark Venture Fund – but exactly how much has she invested in OpenAI remains unknown.

Wood launched that fund more than a year ago to enable investors to participate in the venture capital market with just $500. Ark said in an email on Friday:

OpenAI is at the forefront of a Cambrian explosion in AI capability, having produced several of the most influential breakthroughs in foundational AI research.

It is worth mentioning here that no other application ever has been as quick in hitting 100 million active users as ChatGPT.

Cathie Wood is a notable AI bull

Copy link to section

Cathie Wood secured a position in OpenAI because of the data advantage that she says is the “secret sauce”. Other notable names that Ark Venture Fund has invested in include Epic Games, Discord, and SpaceX.

The influential investor is a prominent AI bull. Artificial intelligence, she’s convinced, is a catalyst for “disruptive innovation” at large. That’s what she primarily invests in.

Last year, Wood called Tesla Inc “the biggest AI opportunity in the world” considering it’s committed to putting robotaxis on the roads in the United States.

Elon Musk recently said that his half-a-trillion-dollar company will reveal its first robotaxi on August 8th (read more). $TSLA is still down over 30% versus the start of 2024.

Ad

Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals™.

0/10
Learn more
Cathie Wood USA AI Funds & Trusts North America Stock Market Tech World