Cathie Wood’s Ark Venture Fund has reportedly invested in OpenAI’s latest funding round, making it one of the largest in startup history. What Happened: On Wednesday, Ark Venture Fund committed to investing a minimum of $250 million in OpenAI’s latest funding round, reported Business Insider, citing three people familiar with the round. This marks Ark’s second investment in the AI firm which has made a new wave of generative AI technology since launching ChatGPT. Previously in April also, Ark announced that it had acquired a stake in OpenAI, although it did not disclose the amount of the inves…
