AI Capital
OpenAI dedicates about $400 million to second startup fund
An SEC filing says OpenAI is dedicating about $400 million to a second startup fund for early-stage AI companies. The fund follows OpenAI's first startup fund, which raised $175 million in 2021 from outside investors including Microsoft. The source describes the new vehicle as a launch by the ChatGPT maker, without detailing its investment terms or portfolio.
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