University of Michigan’s $20M OpenAI Bet Is Now Worth $2 Billion

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University of Michigan’s $20M OpenAI Bet Is Now Worth $2 Billion

247wallst

3 months ago

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The University of Michigan recently became one of the most unlikely winners of the AI boom. The school’s endowment invested $20 million in OpenAI during a very early fundraising round, well before Microsoft‘s (NASDAQ:MSFT | MSFT Price Prediction) $1 billion investment in 2019 and before most people had heard of the AI lab. That stake is now ... University of Michigan’s $20M OpenAI Bet Is Now Worth $2 Billion

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