Home Technology Artificial Intelligence OpenAI raises $175m for startup investment fund The platform has been investing in startups working in artificial intelligence for a while by Bloomberg May 25, 2023 Image credit: Getty Images Artificial intelligence startup OpenAI has closed an investment fund, according to a Securities a Exchange Commission filing. The fund has a value of more than $175m, the document shows. OpenAI has been investing in startups working in artificial intelligence for a while. The company launched the OpenAI Startup Fund and said it would seek to back companies “pushing the boundaries of how powerful AI can positively impact the world and profoundly change people’s lives.” The company said at the time it would put $100m into the fund. The SEC filing shows that the fund, called OpenAI Startup Fund I, is larger than initially anticipated. A representative for OpenAI did not immediately respond to a request for comment. Tech news site The Information earlier reported on the filing. Read: Who are OpenAI’s strongest competitors? Tags Artificial Intelligence OpenAI Technology 0 Comments You might also like OpenAI in talks to raise new funding at $100bn valuation UAE consumers worried about application failure during holiday season: Report Oracle targets training 50,000 Saudis in AI, latest tech Abu Dhabi launches free Hala Wi-Fi across emirate