无惧AI泡沫！Robinhood CEO：计划推出新基金，让散户也能投OpenAI们

Group 1 - Robinhood plans to launch a new fund allowing retail investors to invest in privately valued AI companies, indicating a shift in the asset management industry towards retail investors as a new source of capital for private markets [1][2] - The fund will be managed by Robinhood Ventures and will focus on a concentrated portfolio of five or more "best-in-class" private companies, potentially using leverage to enhance returns [1][2] - In the past 12 months, ten unprofitable AI companies have increased their valuations by nearly $1 trillion through private transactions, with notable companies like OpenAI and Anthropic leading this surge [2] Group 2 - The fund's closed-end structure raises concerns about liquidity, as investors may not be able to redeem shares quickly, potentially trapping funds if too many investors seek to exit simultaneously [3] - Morningstar has warned that managing such a complex private equity strategy could severely harm Robinhood's rapidly moving user base, highlighting the company's relative lack of experience in fund management [3] - Despite the risks, Robinhood's CEO Vlad Tenev noted that retail investors, known for buying during market downturns, are eager for such opportunities, dismissing concerns about an AI bubble [3]