MASSIVE FOR $WLD : Cathie Wood’s ARK Venture Fund has a $69 MILLION bet on OpenAI, with 8.6% of its portfolio tied to the AI giant.
That’s the HIGHEST portfolio concentration among major public funds tracked by Bloomberg Intelligence.
Fidelity has more dollars at stake, with Contrafund holding an estimated $408 MILLION, but that represents just 0.2% of the fund.
OpenAI was last valued at $852 BILLION and is reportedly discussing a new round near $1.4 TRILLION.
#WLD #AI
That’s the HIGHEST portfolio concentration among major public funds tracked by Bloomberg Intelligence.
Fidelity has more dollars at stake, with Contrafund holding an estimated $408 MILLION, but that represents just 0.2% of the fund.
OpenAI was last valued at $852 BILLION and is reportedly discussing a new round near $1.4 TRILLION.
#WLD #AI
