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Robinhood’s venture capital fund has already taken an equity stake, and retail investors can now buy OpenAI stock.
Odaily Planet Daily News: Robinhood’s dedicated investment tool for retail investors, Robinhood Ventures Fund I (RVI), has invested $75 million in AI giant OpenAI. The fund was listed on the New York Stock Exchange in March of this year. Currently, RVI’s investment portfolio also includes Databricks, Revolut, and Oura. Previously, OpenAI opposed Robinhood’s plan to launch its tokenized equity products in Europe. The investment aims to meet the growing retail demand for exposure to AI companies such as OpenAI, Anthropic, and xAI.