OpenAI’s new money‑move – a quick recap
OpenAI, the creator of ChatGPT, just pulled a curveball. After years of taking money only from venture capital firms and a handful of mega‑funds, the AI‑lab opened its latest $122 billion round to retail investors. In the first wave, more than $3 billion came from everyday people via a trio of banks and a set of exchange‑traded funds (ETFs) managed by ARK Invest.
How the cash actually landed
The three banks – Morgan Stanley, Goldman Sachs and JPMorgan – acted as intermediaries. They packaged the private‑placement shares into a product that could be bought on public markets, then bundled them into ARK’s “ARK AI” ETF family. Retail investors who bought those ETFs effectively own a slice of OpenAI without needing a venture‑capital handshake.
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