Bloomberg: Ark Investment announces stake in OpenAI
Cathie Wood's Ark Investment Management announced that it holds shares in OpenAI, but did not disclose how it invested in OpenAI. In an email to clients on Thursday, Ark stated, "As of April 10, 2024, the ARK Venture Fund has invested in OpenAI," and "OpenAI is at the forefront of the explosion of artificial intelligence capabilities." It is reported that this closed Ark fund, launched in September 2022, invests in public and private companies, including Musk's SpaceX, Epic Games Inc., Freenome Holdings Inc., and Relation Therapeutics.
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