Cathie Wood's Ark is doubling down on OpenAI with at least $250 million in its new funding round

08/02/2024, 1:25 PM
businessinsider.com

Cathie Wood's Ark is doubling down on OpenAI with at least $250 million in its new funding round

Marco Bello/Getty Images

Cathie Wood's Ark Venture Fund has agreed to invest at least $250 million in OpenAI's latest funding round, according to three people familiar with the round. The deal marks the fund's second investment in the ChatGPT maker.

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Cathie Wood's Ark is doubling down on OpenAI with at least $250 million in its new funding round

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