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

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

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.

Coframe helps businesses improve their websites so more people buy something, sign up for something or take another desired action. The startup creates and tests different versions of a webpage, including text, images and design. It then tracks how visitors interact with the webpage to determine how to improve it.

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 .


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