Robinhood announced on Wednesday that its dedicated investment vehicle for retail investors, Robinhood Ventures Fund I, has acquired a minority stake in the private artificial intelligence company OpenAI.

The fund provides retail investors access to a portfolio of private technology companies and has invested $75 million in the AI leader. The fund launched in March of this year and began trading on the New York Stock Exchange.

The President of Robinhood Ventures Fund I stated in a release, "OpenAI is a cutting-edge AI company, and we are extremely proud to include it in the fund's portfolio. As one of the fund's largest investments to date, this underscores our core mission: to provide everyday investors with access to investment opportunities in what we believe are transformative companies shaping the future."

This move signifies a reconciliation between the two firms following a public dispute last summer. Previously, Robinhood launched "tokenized" shares of OpenAI and SpaceX in Europe, but OpenAI publicly stated that these tokens did not represent actual equity in the company. Unlike that previous offering, the fund's current investment was completed through the purchase of OpenAI common stock, representing a traditional equity investment structure.

The $75 million investment reflects growing demand from retail investors to gain exposure to leading AI companies. The fund's portfolio also includes other private tech firms such as Airwallex, Boom, Databricks, ElevenLabs, Mercor, Oura, Ramp, Revolut, and Stripe.