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Australian startup investor Boman Group grabs a $10 million slice of OpenAI

  • Australian fund manager Boman Group has invested AUD 10 million in OpenAI's record-breaking USD 6.6 billion fundraising round.
  • Boman Group follows a 'Unicorn strategy' of investing in late-stage technology companies, having previously backed Airbnb, Databricks, and Klarna.
  • Boman executive director Eva Zhuang led the investment, citing the decreasing cost and increasing productivity gains of AI as a key driver.
  • OpenAI's valuation has nearly doubled since earlier this year, with its AI assistant ChatGPT gaining significant traction.

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