Robinhood Invests $75 Million In OpenAI—Allowing Indirect Investments Into AI Giant

Why Is Robinhood Stock Gaining Wednesday? - Robinhood Markets (NASDAQ:HOOD), Robinhood Ventures Fund (NYS

Robinhood Markets, Inc. (NASDAQ:HOOD) shares jumped on Wednesday as investors reacted to the company’s push to widen retail access to private-market exposure through its venture fund. Robinhood Ventures Fund I Invests $75M in OpenAI Robinhood Ventures Fund I (NYSE:RVI) announced a $75 million investment in OpenAI, calling it one of the “frontier” AI companies and framing the deal as one of RVI’s largest investments to date. The investment was ma…

Robinhood's venture fund invests $75 million in OpenAI

April 22 : 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

Retail traders can now get long OpenAI as Robinhood's venture fund takes a stake

Robinhood's proprietary investment vehicle has taken a $75 million stake in OpenAI, the trading company announced Wednesday.

Robinhood Invests $75 Million In OpenAI—Allowing Indirect Investments Into AI Giant

A recent funding round valued OpenAI at more than $850 billion.

OpenAI to commit up to $1.5B of its own capital to DeployCo

The FT reports that OpenAI’s $500M initial equity stake, with an option for $1B more, will go into a Delaware LLC designed to accelerate AI adoption across PE portfolio companies. OpenAI is guaranteeing backers a 17.5% annual return. A close is expected in early May. OpenAI is set to commit up to $1.5 billion of […] This story continues at The Next Web

Robinhood Invests US$75 Million in OpenAI via Investment Vehicle

Robinhood has taken a US$75 million stake in ChatGPT maker OpenAI through its investment vehicle, Robinhood Ventures Fund I (RVI), the retail brokerage said on Wednesday. The fund, which was listed on the New York Stock Exchange in March, offers retail investors exposure to a basket of private technology firms that used to be the preserve of venture capital investors. “OpenAI is one of the frontier artificial intelligence companies, and we are i…