Robinhood’s venture fund invests $75 million in OpenAI
Robinhood’s venture fund has invested $75 million in ChatGPT maker OpenAI, it said on Wednesday, aiming to broaden retail investor access to high-profile, privately held technology companies.
OpenAI has become one of the most closely watched companies in generative AI, propelled by the viral success of its chatbot ChatGPT.
Its rise has helped fuel a wave of investment and competition across Big Tech and startups alike, as companies race to build and commercialize AI tools, drawing billions of dollars into the sector.
