‘Worldcoin stockpiler’ AITCO Holdings increases stake in OpenAI

Source

Uk Jin

Summary

Nasdaq-listed AITCO Holdings said it additionally acquired $40 million worth of OpenAI shares.
With the additional purchase, AITCO said its total investment in OpenAI has reached $90 million.
AITCO is a listed investor in digital assets and AI that holds about 10% of the total supply of World (WLD), it said.

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Nasdaq-listed AITCO Holdings has reportedly increased its equity investment in OpenAI, the developer of ChatGPT.

According to The Block on the 20th (Korea time), AITCO said it additionally acquired $40 million worth of OpenAI shares. With the purchase, AITCO’s total investment in OpenAI rose to $90 million.

AITCO is a listed company that invests in digital assets (cryptocurrencies) and artificial intelligence (AI). It notably holds about 10% of the total World (WLD) supply.

Kevin O’Donnell, AITCO’s chief executive officer (CEO), said, “An investment in OpenAI is an important opportunity for both the company and shareholders,” adding that it “signals an effort to broaden access to private-market investments that have largely been the domain of institutional investors.”

WLD