Business Insider
US · 6 hrs ago
✦ 75◉ Centre
The University of Michigan may have landed the steal of the AI era
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Accuracy 75/100
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◉ Centre ✗ Clickbait
University of Michigan invested $20 million in OpenAI during an early funding round, a court document reveals; the investment preceded Microsoft's multi-billion dollar commitment and could potentially yield substantial returns as OpenAI's valuation has risen significantly.
The University of Michigan may have landed the steal of the AI era
A University of Michigan flag.
Jaime Crawford/Getty Images
University of Michigan's $20 million bet on OpenAI could yield billions, a court exhibit shows.
The school's investment arrived before Microsoft poured billions into the AI lab.
OpenAI's meteoric rise means the potential for huge windfalls for early investors.
University of Michigan made a very good, very early bet on OpenAI.
Investors running the public school's endowments put $20 million into one of the AI lab's earliest fundraising
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