Ark Invests in OpenAI, Sees $16 Trillion AI Market By 2030 Despite Governance Risks
• Ark Investment Management has disclosed it holds a stake in AI company OpenAI through its $54 million venture fund
• Ark believes OpenAI is at the forefront of an explosion in AI capability and sees $16 trillion in market cap for companies using AI models by 2030
• OpenAI has raised billions from investors like Microsoft and allowed employees to sell shares at an $86 billion valuation recently
• Ark's stake in OpenAI represents about 4% of its venture fund; it also holds a stake in OpenAI rival Anthropic
• Ark is aware of risks from OpenAI's corporate governance but believes benefits of AI could be derailed by over-regulation