Robinhood Ventures Fund I has acquired approximately $75 million in OpenAI common stock. The investment, finalized on April 17, positions OpenAI, the creator of ChatGPT, as one of the largest holdings in the fund's portfolio.
OpenAI recently achieved an $852 billion valuation.
Sarah Pinto, president of Robinhood Ventures, described OpenAI as a "frontier artificial intelligence company." She stated the investment aligns with the fund's mission to offer retail investors access to transformative companies shaping the future.