OpenAI raises $175 million for startup investment fund

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 $175 million, 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.”