Retail traders can now get long OpenAI as Robinhood's venture fund takes a stake

robinhood's venture fund took a $75 million stake in privately held openai, letting retail investors get exposure to the ai giant. the robinhood ventures fund i (rvi) went public on the new york stock exchange this march. sarah pinto, president of the fund, called openai a "frontier" company and said the investment underscores their mission to give everyday investors access to transformative firms. the stake is small relative to openai's multibillion-dollar funding rounds but is one of rvi's largest to date. the move follows a public spat last summer, when openai and sam altman pushed back on robinhood's plans to offer "tokenized" equity of the company in europe. the fund also holds stakes in private companies like databricks, revolut, and oura.