Cathie Wood takes a stake in OpenAI, saying it's at the forefront of a 'Cambrian explosion' in AI

In a Thursday email to clients, the St. Petersburg, Florida-based asset manager said her ARK Venture Fund invests in OpenAI as of Wednesday.

Cathie Wood 's Ark Invest has taken a stake in OpenAI, the popular artificial intelligence player that's behind the viral messagebot ChatGPT. In a Thursday email to clients, the St. Petersburg, Florida-based asset manager said her ARK Venture Fund had invested in OpenAI as of Wednesday.

Wood's firm launched the venture fund in September 2022, giving small investors access to the venture capital market with as little as $500 . The fund has invested in more than 40 companies, including SpaceX, Discord, Epic Games. She previously said OpenAI's ChatGPT has the so-called data advantage, which she thinks is the "secret sauce.

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