
According to the new report, Robinhood Ventures Fund I invested $75 million in OpenAI as Robinhood targets growing retail demand for exposure to leading private AI companies.
Robinhood Ventures Fund I invested $75 million in OpenAI, adding to the previously reported deal involving Robinhood’s venture arm and the artificial intelligence company. The fund, which listed on the New York Stock Exchange in March, also holds stakes in Databricks, Revolut, and Oura. The report says the investment is aimed at rising retail demand for exposure to AI companies including OpenAI, Anthropic, and xAI.