Cathie Wood's Ark Invest has acquired a stake in OpenAI, the popular AI operator behind ChatGPT. In an email to clients on Thursday, the St. Petersburg, Florida-based asset manager said its ARK Venture Fund had invested in OpenAI as of Wednesday. “OpenAI is at the forefront of the Cambrian explosion in AI capabilities, having produced many of the most influential breakthroughs in foundational AI research, including the GPT and DALLE model series, and the launch of the first major consumer application for generative AI, ChatGPT,” the fastest application in history Reaches 100 million active users,” Ark said in the email. Wood launched the venture capital fund in September 2022, giving small investors access to the venture capital market with as little as $500. The fund has invested in more than 40 companies, including That includes SpaceX, Discord, and Epic Games. She previously said that OpenAI's ChatGPT has a so-called data advantage, which she believes is the “secret sauce.” Wood added that the chatbot is able to produce compelling content because it collects the entire history of the Internet and answers questions based on this History.Widely recognized, Wood has been an ardent proponent of artificial intelligence, saying it is the most important catalyst in every corner of her revolutionary innovation strategy. She has described Tesla, with its robotic ambition, as “the biggest AI opportunity in the world.” Wood also praised DeepMind, the AI research lab acquired by Google in 2014, as “one of the best AI companies in the world.” world.”
