Kushner's $1.3B OpenAI Bet Before Lakers Bid

Joshua Kushner is teaming up with former Disney CEO Bob Iger to buy the Los Angeles Lakers for a record-breaking $12.5 billion. This sale, if approved, would be the largest for a professional sports team in U.S. history. Here's the thing: Kushner made a significant bet on OpenAI, investing $1.3 billion. Thrive Capital, his firm, has put over $2 billion into the ChatGPT maker since its start, including roughly $1 billion in December at a $285 billion valuation. Kushner says he invests in people and ideas, believing in the long-term potential of a few select companies. He sees OpenAI as a long-term asset, like "Fifth Avenue." This highlights the significant capital flowing into top-tier tech companies and sports franchises.