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Cathie Wood's Ark Investment Management Announces OpenAI Stake

Cathie Wood's Ark Investment Management Announces OpenAI Stake
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Cathie Wood Muscles Into ChatGPT Boom With New OpenAI Stake

(Bloomberg) -- Cathie Wood’s Ark Investment Management has announced that it holds a stake in Silicon Valley artificial intelligence darling OpenAI, a bet that the nascent AI industry will remake the tech landscape.Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesVietnam Tycoon Lan Sentenced to Death Over $12 Billion FraudApple Plans to Overhaul Entire Mac Line With AI-Focused M4 ChipsUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsRussian Attacks

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'Big Short' Investor Michael Burry Warned Inflation Would Spike Again

"The Big Short" investor Michael Burry predicted an inflation resurgence fueled by interest-rate cuts and government spending.

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