On March 31, OpenAI launched its largest funding round, raising $122 billion, elevating its valuation to $852 billion. This milestone attracted attention from Cathie Wood of ARK Invest, who introduced OpenAI into three key ETFs: ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Blockchain & Fintech Innovation ETF (ARKF). These ETFs provide retail investors with a unique opportunity to invest in OpenAI, a previously exclusive pre-IPO option. Each fund allocates approximately 3% to OpenAI, underscoring ARK’s belief in AI as a vital economic force.
ARKK focuses on disruptive innovations and has a $6.1 billion AUM, while ARKW invests in digital infrastructures with $1.5 billion AUM. ARKF, managing about $760.6 million, targets fintech innovations. The inclusion of OpenAI reinforces ARK Invest’s strategy of tapping into transformative technologies, offering investors exposure to the burgeoning AI sector.
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