Robinhood Ventures Fund I has committed $75 million to OpenAI, the company behind the widely popular AI chatbot ChatGPT, the firm announced Wednesday. The move is aimed at expanding opportunities for retail investors to participate in private technology ventures traditionally accessible only to major venture capital firms.

OpenAI has garnered significant attention in the generative artificial intelligence space, with its rapid rise fueling increased investment and competition among large technology companies and startups alike. The sector has attracted billions of dollars as companies race to develop and commercialize new AI-driven tools.

Robinhood Ventures Fund I, which debuted publicly in March, is part of Robinhood Markets’ broader strategy to open up access to high-profile private companies for individual investors. The parent company, initially known primarily for its retail trading app, has expanded its financial services platform and now holds a market valuation approaching $78 billion.

This investment also marks a shift in the relationship between Robinhood and OpenAI. The two companies experienced tensions last summer when Robinhood announced it would offer blockchain-based “stock tokens” valued at 5 euros for private firms, including OpenAI and SpaceX. That effort had drawn criticism and raised questions about the legality and legitimacy of such token offerings.

By investing directly through its venture fund, Robinhood appears to be seeking a more conventional collaboration with OpenAI, reinforcing its commitment to providing retail investors with access to cutting-edge technology companies. The deal highlights the growing interest in generative AI and the expanding role of retail investors in early-stage private markets.