Cathie Wood-Led Ark Venture Fund Agrees To Invest At Least $250M In OpenAI's Historic Funding Round, ChatGPT-Parent's Now Valued At $157B: Report

2024-10-03 42

Cathie Wood’s Ark Venture Fund has reportedly invested in OpenAI’s latest funding round, making it one of the largest in startup history.

What Happened: On Wednesday, Ark Venture Fund committed to investing a minimum of $250 million in OpenAI’s latest funding round, reported Business Insider, citing three people familiar with the round.