OpenAI just launched a $400 million venture fund, and this time they’re the only investor. Every dollar comes off their…
From @atlasberry008 on Instagram — 368.5K followers · See full profile →
OpenAI just launched a $400 million venture fund, and this time they’re the only investor. Every dollar comes off their own balance sheet. Their first fund was $175 million in 2021 — and OpenAI wasn’t even in it. That money came from outside LPs including Microsoft, which means the upside on positions like Cursor went to other people. But the returns aren’t the play. When OpenAI invests $10 million, a large share comes right back as API spend. Every company they back builds on their models,…
Tags: GPT · Reel
Topics in this post
Agents · Cursor · Microsoft · OpenAI
Hashtags in this post
#ai · #openai · #venturecapital
More from @atlasberry008
- Drake sold 51% of OVO’s intellectual property to Authentic Brands Group. He keeps 44%. Vince Holding takes 5% and runs …
- Kevin Durant is sitting on a 24,000% return on Hugging Face, the company Nvidia is reportedly buying for $12.9 billion.…
- Rainmaker flew ten autonomous drone missions over Alaska’s Kenai Peninsula on Saturday and produced 19 million gallons …
- Anthropic released the Model Hardware Standard this morning. It lets any AI agent discover and operate any machine with…
- Figure AI came out of stealth this week with Index, a consumer app built over four months under the codename Project Go…
- Nvidia agreed to buy Hugging Face for $12.9 billion, hours after reporting earnings. Hugging Face last raised in 2023 a…