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OpenAI is investing approximately $400 million in its second startup fund to back early stage AI companies, an SEC filing shows. The new vehicle is more than double the size of the first fund, which raised $175 million in 2021.
Outside investors, including Microsoft, contributed to the original 2021 fund. The current vehicle is the company's second dedicated venture fund for the AI sector.
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Key sources
- SOURCE@techmeme“raised $175M for its first fund in 2021 from outside investors, including Microsoft”x.com
- SUPPORT@tfnbreakingnews“far larger than its original $175 million vehicle”x.com
- SUPPORT@stockstormx“OpenAI launches a $400 million venture fund to back early-stage AI startups”x.com
- SUPPORT@polymarket“OpenAI launches a $400 million venture fund to back early-stage AI startups”x.com