Lightspeed is selling its OpenAI stake to a fund it will also run

The Next Web reports that the firm calls the deal Project Mercury, Bloomberg reported, citing people familiar with it. It gathers assets from two Lightspeed funds, Select V and Opportunity II, plus a separately managed account. OpenAI is the anchor.…

For Australian readers, the useful question is what this changes in everyday work: costs, productivity, privacy, hiring, or the tools businesses rely on. We are watching this story because practical AI adoption is moving quickly, and the impact often reaches workplaces before policy or training catches up.