Venture
from24/7 Wall St.
5 hours agoUniversity of Michigan's $20M OpenAI Bet Is Now Worth $2 Billion
Michigan invested $20 million in OpenAI early, and the stake is now expected to be worth about $2 billion, implying a 9,900% return.
Intuit said its investments have generated nearly $90 million in annualized efficiencies in the first half of 2025. At the heart of Intuit's AI endeavors is a data trove from 100 million business and individual customers and a proprietary generative AI operating system used to build and run AI-based apps.