Robinhood Fund Bets on OpenAI Amid AI Rush

Robinhood's venture fund has invested $75 million in OpenAI, providing retail investors with exposure to a leading privately held AI company. Robinhood Ventures Fund I, established in March, aims to broaden retail investor access to private market investments. This move capitalizes on the intense retail interest in artificial intelligence, positioning the fund to benefit from the burgeoning AI sector.