Tiger Global intends to participate in the OpenAI fundraising round with a valuation of more than $150 billion
According to people familiar with the matter, Tiger Global intends to participate in OpenAI’s highly anticipated fresh investment round, which would value the artificial intelligence firm at around $150 billion.
Thrive Capital intends to invest $1 billion in this round, which it is leading. According to reports, Microsoft, Nvidia, and Apple are also in discussions to join.
The Information broke the news of Tiger Global’s intended involvement first.
OpenAI’s stated valuation increased from $29 billion to $80 billion earlier this year. Earlier this year, annualized sales allegedly exceeded $2 billion.
Growth accelerated in the latter half of 2022 with the company’s ChatGPT chatbot debut. New OpenAI business solutions and a push into AI-generated images and videos have maintained this pace. According to OpenAI, the company’s weekly active user base has risen to 200 million since late last year.
One day prior, OpenAI unveiled o1, a sneak peek at a new AI model that focuses on reasoning and «solving hard problems.» It also occurs after OpenAI CEO Sam Altman spoke at the White House with executives from a number of American power and utility firms, Nvidia, Microsoft, Google, Amazon, and a number of philanthropic organizations about the future of artificial intelligence energy infrastructure in the country.
