AI Fund Loses 10% in Week as Market Reprices Private Startup Values

The Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) lost more than 10% of its market value in a single week. The closed-end fund holds stakes in private AI startups, reportedly including OpenAI, whose private valuations are updated quarterly rather than daily. The sharp sell-off signals how quickly market sentiment can reverse on private tech valuations when public enthusiasm cools, even before formal appraisals catch up.