OpenAI, a leading American AI company, has closed an investment fund after raising over $175 million from 14 investors, including Microsoft.

The OpenAI Startup Fund was launched in May 2021 to support AI-focused startups, with an initial goal of raising $100 million. However, the fund exceeded expectations and is now significantly larger.

OpenAI is already eyeing the future of AI and may raise as much as another $100 billion in the coming years to develop advanced artificial general intelligence.