This interpretation is what had Albert Einstein say
God doesn't play dice
but dear old Einsten was in fact proven wrong. God does indeed play dice. See Einstein-Podolsky-Rosen paradox for more on that.
One famous theory that follows the Copenhagen interepretation is the one that there are many universes. It was introduced by John Archibald Wheeler in 1957. His idea was that everytime a choice is made on the microscopical level, the universe is split up so that every possible occurence actually happen in one universe. Or to put it in the Schrödinger's Cat scenario: In one universe that cat is alive, in one it is dead.
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