Cathie Wood’s Ark Invest has taken a stake in OpenAI, the favored synthetic intelligence participant that is behind ChatGPT. In a Thursday e-mail to purchasers, the St. Petersburg, Florida-based asset supervisor mentioned her ARK Venture Fund has invested in OpenAI as of Wednesday. “OpenAI is at the forefront of a Cambrian explosion in artificial intelligence capability, having produced several of the most influential breakthroughs in foundational AI research, including both the GPT and DALLE series of models, and launching the first major consumer application of generative AI, ChatGPT, which is the fastest application in history to grow to 100 million active users,” Ark mentioned within the e-mail. Wood’s agency launched the enterprise fund in September 2022, giving small traders entry to the enterprise capital market with as little as $500 . The fund has invested in additional than 40 firms, together with SpaceX, Discord and Epic Games. She beforehand mentioned OpenAI’s ChatGPT has the so-called information benefit, which she thinks is the “secret sauce.” Wood added that the chatbot is ready to produce convincing content material as a result of it is scraping the whole historical past of the web and answering questions based mostly on that historical past. The extensively adopted Wood has been an enormous AI bull, saying it is crucial catalyst in each nook of her disruptive innovation technique. She has known as Tesla, with its robotaxi ambition, ” the biggest AI opportunity in the world. ” Wood has additionally spoken extremely of DeepMind, an AI intelligence analysis lab acquired by Google in 2014, calling it “one of the best AI companies in the world.”
https://www.cnbc.com/2024/04/12/cathie-wood-takes-a-stake-in-openai-betting-on-an-explosion-in-ai-use.html
