This Billionaire Invested in OpenAI in 2019. Here’s What He’s Betting on Next.

Résumé détaillé

This billionaire is betting that AI will revamp websites as we know them.

He made billions betting on what’s next. Now this 71-year-old investor’s latest move reflects his conviction that AI will change how the Internet works.

Vinod Khosla’s venture capital firm, Khosla Ventures, made early investments in OpenAI, DoorDash and Instacart. His latest investment, AI startup Coframe, targets another potential shift: how websites operate. Coframe wants to rewire the Internet so every visitor to a website sees a page custom-made for them.

“The world has changed because AI has enabled extreme customization,” Khosla said in an interview with Business Insider. Forbes reported earlier this year that Khosla’s net worth is around $10 billion.

Coframe announced this week that it raised $35 million in total funding, including a $25 million Series A led by Khosla Ventures and Hanabi Capital. Executives at Anthropic, OpenAI and Google DeepMind also participated.

For example, say an online store wants to sell more shoes. Coframe could help the company test different headlines, product images or page layouts and determine which versions lead to more purchases.

“For decades, the web has been frozen in place, showing every visitor essentially the same page,” Khosla said in the press release. “Coframe is building the living internet, where two people can visit the same website and have completely different experiences, personalized to who they are and what they need. These interfaces continuously learn and improve themselves. This is a huge leap beyond traditional A/B testing and the next iteration of the internet.”

Coframe claims that it can help businesses get more out of the visitors they already have and spend far less time figuring out how to capitalize on their audiences. The startup said in the press release that its AI-powered testing platform has helped customers generate more than $300 million in additional revenue, with conversion rates improving by more than 20% on average.

Coframe’s customers include Dropbox, BCG, Block, Backcountry and Sur La Table.

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