SEC filing: OpenAI invests ~$400M in its second startup fund, after it raised $175M for its first fund in 2021 from outside investors, including Microsoft (Sarah Klearman/Wall Street Journal)
OpenAI committed about $400M to its second startup fund, expanding its direct influence over the AI startup ecosystem.
Excerpt
Sarah Klearman / Wall Street Journal:
SEC filing: OpenAI invests ~$400M in its second startup fund, after it raised $175M for its first fund in 2021 from outside investors, including Microsoft — The ChatGPT maker is dedicating $400 million to investing in early-stage AI companies — OpenAI is launching a second startup fund …
Read at source: https://www.techmeme.com/260826/p70#a260826p70