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Global Investor Award: Cyrus Vandrevala

Global Investor Award: Cyrus Vandrevala, co-founder of Intrepid Capital Partners Cyrus

Vandrevala has built a formidable reputation as one of the world’s leading investors.


In 2001, he founded Intrepid Capital Partners, one of the early investors in Russia and the telecoms market, and over the past decades has built an impeccable book of contacts.

In January, Vandrevala attended President Donald Trump’s inauguration, and it is understood that he is friendly with Trump’s daughter Ivanka.

He and his wife Priya are also close to the royal family, having hosted the Prince of Wales’ 60th birthday celebration.

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OpenAI

OpenAI has reportedly proposed giving the US government a 5 per cent stake as AI regulation gathers pace

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Why OpenAI wants the US government to own a £31.9 billion stake

  • OpenAI has reportedly proposed giving the US government a 5 per cent stake in the company.
  • The idea is said to be part of wider talks on sharing AI wealth and easing political concerns.
  • The proposal could set a precedent for other leading AI companies if it moves forward.

OpenAI has reportedly proposed giving the US government a 5 per cent equity stake in the company, in what could become one of the most unusual partnerships between Washington and the artificial intelligence industry.

According to the Financial Times, the proposal forms part of early discussions between OpenAI and the Donald Trump administration as political scrutiny of AI companies continues to grow. If accepted, the stake would be worth about £31.9 billion ($42.6 billion) based on OpenAI's latest valuation of £639 billion ($852 billion) following its record funding round in March.

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