Robinhood Venture Fund's $75M stake in OpenAI aims to enable retail investments

Robinhood Venture Fund's $75M stake in OpenAI aims to enable retail investments

0.44%LINK$9.46 1.32%DOGE$0.09727 2.94%ADA$0.2534 2.74%BTC$78,905 4.25%XLM$0.1799 0.72%SOL$87.85 2.87%XRP$1.44 1.71%BCH$463.32 3.69%ETH$2,399 3.88%HYPE$40.86 3.30%TRX$0.3286 0.92%BNB$644.97 2.34%USD Written by Vince Quill,Staff WriterReviewed by Robert Lakin,Staff EditorRobinhood Venture Fund's $75M stake in OpenAI aims to enable retail investments1 hour agoThe private equity investment will be used to give retail customers indirect price exposure to OpenAI through venture tokens. Robinhood Ventures Fund I (RVI), a publicly traded closed-end fund that offers retail investors access to private equity investments, announced a $75 million investment in OpenAI. The company announced on Wednesday that it purchased $75 million of the AI developer's common stock, which will be used as the underlying asset to give Robinhood clients price exposure to OpenAI via the fund's venture tokens. The inves

Source: https://cointelegraph.com/news/robinhood-venture-fund-invests-75m-in-openai?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound