Cathie Wood's Ark Invest has recently made significant investment moves, notably plowing money into OpenAI, a leading entity in the artificial intelligence sector that now rivals GPT 4, and investing in CoreWeave, a key infrastructure provider for OpenAI. This investment strategy, part of ARKK's approach to focus on high-growth potential areas irrespective of current valuations, underscores a bold move in the tech sector. In a related move, Ark Invest sold $20 million worth of Coinbase shares, further diversifying its portfolio by adding OpenAI to its Venture Fund. This shift in investment focus from traditional assets like meme stocks and bitcoin to innovative tech ventures such as SpaceX and OpenAI is being observed as the latest trend on Wall Street. The Ark Venture Fund, led by Tesla bull Cathie Wood and valued at $54 million, has been highlighted for its strategic investments in technology-driven companies, including the Sam Altman-led OpenAI. Additionally, Ark's position in OpenAI was discussed by @wintonARK on @technology, indicating the fund's active engagement and optimistic outlook on its investment.
Ark’s @wintonARK joined us on @technology to talk about Ark Venture position in OpenAI https://t.co/OAEaWYavoD
New York Times @nytimes: Tesla bull Cathie Wood's $54 million Ark Venture Fund invests in Sam Altman-led OpenAI ... - Fortune. #aiact #MachineLearning #aistrategy https://t.co/xCORA360Fp
Forget meme stocks and bitcoin. This fund investing in SpaceX and OpenAI may be the latest Wall Street mania. https://t.co/bnI1VhTcWl
Ark Invest sells another $20 million worth of Coinbase shares, adds OpenAI to Venture Fund https://t.co/Zh7JzKcsih
.@CathieDWood just plowed money into OpenAI You really can’t make this up Open Source AI now rivals GPT 4 The smart money bought into CoreWeave - the picks and shovels player that powers OpenAI ARKK’s strategy is throw money at whatever is hot, valuations be damned https://t.co/dXSxWmjnhK https://t.co/2lACaSsM2v
.@CathieDWood just plowed money into OpenAI You really can’t make this up.m Open Source AI now rivals GPT 4 The smart money bought into CoreWeave - the picks and shovels player that powers OpenAI ARKK’s strategy is throw money at whatever is hot, valuations be damned https://t.co/RXs7cmSP5t https://t.co/2lACaSsM2v