Robinhood Markets, Inc. (NASDAQ:HOOD) shares jumped on Wednesday as investors reacted to the company’s push to widen retail access to private-market exposure through its venture fund.
Robinhood Ventures Fund I Invests $75M in OpenAI
Robinhood Ventures Fund I (NYSE:RVI) announced a $75 million investment in OpenAI, calling it one of the “frontier” AI companies and framing the deal as one of RVI’s largest investments to date.
The investment was made through the purchase of approximately $75 million in OpenAI common stock.
The fund’s portfolio includes Airwallex, Boom, Databricks, ElevenLabs, Mercor, OpenAI, Oura, Ramp, Revolut, and Stripe, with more names expected over time.
The company statement said the number of U.S. public companies has dropped sharply since 2000, while private companies have surged in both number and value.
Firms are staying private longer, and by 2025, private companies outnumber public ones by more than 6.5 times, with total valuations exceeding $10 trillion, the statement added.
Technical Analysis
Robinhood is currently trading within a strong upward trend, having gained 105.35% over the past …
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