Cathie Wood's Ark Venture Fund invests $250 million in OpenAI's $6.6 billion funding round, joining Thrive Capital and others.

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,

ARK Investment Management is investing at least $250M in OpenAI’s latest funding round, according to people familiar with the round, Business Insider reported on Wednesday. This would be the fund's second investment in OpenAI, the maker of ChatGPT.