Robinhood Ventures Invests $75 Million in OpenAI, Boosting Parent Company's Stock
Robinhood Ventures Fund I (RVI) has invested $75 million in OpenAI, marking one of its largest single investments. The deal has positively impacted Robinhood's parent stock (HOOD), which surged over 4% in pre-market trading. Cathie Wood's ARK Invest is a major institutional backer of Robinhood.
Topics: Cathie Wood investment deals OpenAI Robinhood Ventures stock price movement