Ark Investment Management invests in OpenAI, AI company behind ChatGPT, on April 10, 2024.

Cathie Wood's Ark Investment Management has announced a stake in OpenAI, the AI company behind ChatGPT. As of April 10, 2024, Ark Venture Fund, a $54 million VC fund, has invested in OpenAI, with Ark stating that the company is "at the forefront of a Cambrian explosion in AI capability." This investment reflects Ark's belief in the potential for AI to reshape the tech landscape in the future.