Cathie Wood's Ark Invest has taken a stake in OpenAI, the popular artificial intelligence player that's behind ChatGPT.
In a Thursday email to clients, the St. Petersburg, Florida-based asset manager said her ARK Venture Fund has invested in OpenAI as of Wednesday.
Wood's firm launched the venture fund in September 2022, giving small investors access to the venture capital market with as little as $500 .
The widely followed Wood has been a big AI bull, saying it's the most important catalyst in every corner of her disruptive innovation strategy.
Wood has also spoken highly of DeepMind, an AI intelligence research lab acquired by Google in 2014, calling it "one of the best AI companies in the world."
Persons:
that's, Ark, OpenAI's ChatGPT, Wood
Organizations:
ARK Venture Fund, SpaceX, Google
Locations:
OpenAI, ChatGPT, St . Petersburg , Florida