From CNBC: 2024-04-12 09:08:44

Cathie Wood’s Ark Invest invests in OpenAI, the AI company behind ChatGPT. Wood’s ARK Venture Fund has put money into OpenAI, which has seen success with its AI models and consumer application, ChatGPT. The fund opened in 2022, allowing small investors to access the venture capital market with as little as $500. Wood believes in OpenAI’s potential due to their data advantage. Wood is also bullish on AI, calling it the most important catalyst in her disruptive innovation strategy. She sees Tesla and DeepMind as key players in the AI space.



Read more at CNBC: Cathie Wood takes a stake in OpenAI, betting on an explosion in AI use