Cathie Wood’s Ark Invest has taken a stake in OpenAI, the popular artificial intelligence company behind ChatGPT. In an email to clients on Thursday, the St. Petersburg, Florida-based asset manager said her ARK Venture Fund had invested in OpenAI as of Wednesday. “OpenAI is at the forefront of the Cambrian explosion of artificial intelligence capabilities. It has made many of the most influential breakthroughs in basic artificial intelligence research, including the GPT and DALLE series models, and launched the first major model of generative artificial intelligence. Consumer app ChatGPT, which has the fastest growing number of active users in history,” Ark said in an email. Wood’s company launched the venture fund in September 2022, allowing small investors to enter the venture capital market for as little as $500. The fund has invested in more than 40 companies, including SpaceX, Discord and Epic Games. She previously said that OpenAI’s ChatGPT has so-called data advantages, which she considers to be its “secret weapon.” Wood added that the chatbot is able to generate compelling content because it scrapes the entire history of the web and answers questions based on that history. The widely watched Wood has always been a big fan of artificial intelligence, which she says is the most important catalyst in all aspects of her disruptive innovation strategy. She called Tesla, with its robotaxi ambitions, “the greatest artificial intelligence opportunity in the world.” Wood also spoke highly of DeepMind, an artificial intelligence research laboratory acquired by Google in 2014, calling it “one of the best artificial intelligence companies in the world.” world. “
