Apr 12, 01:40 AM

Ark Invest's ARKV Fund Takes 4% Stake in OpenAI, 5% in Anthropic

Cathie Wood's Ark Investment Management has announced its stake in OpenAI, the parent company of ChatGPT, marking a significant move for the investment firm known for its focus on innovative technologies. The investment in the artificial intelligence company is facilitated through a special purpose vehicle (SPV) into Ark's closed-end venture fund, ARKV. The Ark Invest Venture Fund offers exposure to high-profile companies such as SpaceX, Tesla, and X Holdings (Twitter), with OpenAI representing approximately 4% of the ARKV fund, and Anthropic, another entity focused on foundational model technologies, constitutes about 5% of the fund.

#Cathie Wood #Ark Investment Management #OpenAI #ChatGPT #Ark #ARKV #Ark Invest Venture Fund #SpaceX #Tesla #Twitter #Anthropic

Written with ChatGPT (GPT-4).

Sources

Businessweek@BW
3 years ago
Cathie Wood’s Ark Investment Management has announced that it holds a stake in Silicon Valley artificial intelligence darling OpenAI https://t.co/pbcqs6Gpll
Bloomberg Technology@technology
3 years ago
Cathie Wood’s Ark Investment Management has announced that it holds a stake in Silicon Valley artificial intelligence darling OpenAI https://t.co/x7BYp47IMV
Bloomberg Markets@markets
3 years ago
Cathie Wood’s Ark Investment Management has announced that it holds a stake in Silicon Valley artificial intelligence darling OpenAI https://t.co/EODRaNFhpW

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