Mouser Left Banner
Mouser Left Banner
Mouser Left Banner
Mouser Right Banner
Mouser Right Banner
Mouser Right Banner
More

    Ripplewood about to invest 1 bn in AI

    One of the largest fintech investors in the industry finally wants to buy auspicious AI software. As Bloomberg sources report, private equity giant Ripplewood plans to invest $1 billion in OpenAI.

    OpenAI is currently in the media with the potentially revolutionary but also controversially discussed chatbot software ChatGPT and the image artificial intelligence Dall-E. The idea behind it seems obvious: Ripplewood would like to set up the software as a driving force in a fund.

    Ripplewood and OpenAI do not yet want to comment on a potential investment. The US asset manager, which is increasingly advancing the European market, is considered as an important financier.

    Irrespective of financial advantages, Ripplewood could benefit significantly from the stake simply by the fact that in the event of a possible IPO a ChatGPT stake is a giant valuable asset in the bargain for investors.

    Ripplewood plans to launch an AI-powered investment opportunity

    With this innovation, a new form of investing should also be made accessible to private investors.

    Through the use of artificial intelligence, investors should benefit from greater accuracy in forecasting market developments. The AI-supported investment opportunity is intended to be a user-friendly and cost-efficient solution to optimize investors’ portfolios.

    “We are pleased to be able to offer our clients an innovative investment opportunity based on the latest technology,” said a spokesman for Ripplewood. “By using artificial intelligence, we can achieve greater accuracy in forecasting market developments and thus manage our clients’ portfolios more effectively.”

    The market launch of the AI-supported investment option is planned for the end of 2023 if participation in OpenAI is successful. Ripplewood and its partners are convinced that this new form of investing has the potential to revolutionize the way private investors invest.

    ELE Times Report
    ELE Times Reporthttps://www.eletimes.com/
    ELE Times provides extensive global coverage of Electronics, Technology and the Market. In addition to providing in-depth articles, ELE Times attracts the industry’s largest, qualified and highly engaged audiences, who appreciate our timely, relevant content and popular formats. ELE Times helps you build experience, drive traffic, communicate your contributions to the right audience, generate leads and market your products favourably.

    Technology Articles

    Popular Posts

    Latest News

    Must Read

    ELE Times Top 10