From Forbes.: 2024-04-12 14:25:52

Cathie Wood’s ARK Venture Fund has increased its stake in the AI boom by investing in OpenAI, a Microsoft-backed company known for its ChatGPT technology. ARK described OpenAI as leading the way in a revolution of AI capabilities, citing their influential breakthroughs in AI research and rapid growth in consumer applications.

The ARK Venture Fund also holds investments in other notable AI companies, such as Amazon-backed Anthropic. Known for its focus on disruptive innovation, ARK Investment has a history of making significant bets on new technologies and companies positioned to benefit from innovation in the industry.



Read more at Forbes.: Why Cathie Wood’s ARK Is Investing in OpenAI