OpenAI has already launched the most important application yet in artificial intelligence. But now, they want to back leading edge startups focused on artificial intelligence breakthroughs.

‍What’s happening:‍

  • OpenAI’s venture capital fund has raised $15M USD according to new filings with the United States Securities and Exchange Commission

Why it matters:‍

  • OpenAI has become arguably the most important company building artificial intelligence technology and has already made a number of notable investments through their OpenAI Startup Fund into emerging early stage technology companies

Going deeper:‍

  • Technology giant Microsoft (NASDAQ: MSFT) is one of the earliest and largest investors into OpenAI’s Startup Fund
  • Some of OpenAI’s Startup Fund’s early investments include leading edge robotics company Figure AI and legal startup HarveyAI

The intrigue:‍

  • OpenAI founder Sam Altman recently took nuclear energy company Oklo (NASDAQ: OKLO) public through a transaction with a SPAC

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