Tiger Global plans to take part in OpenAI's high-profile latest funding round that might value the AI startup at greater than $150 billion, based on sources acquainted with the situation who asked to not be identified because details of the round haven’t yet been made public.
Thrive Capital is leading the round and plans to speculate $1 billion. Microsoft, NVIDIA And Apple Are According to reports also in talks about joining.
New York-based Tiger Global has been a serious investor in tech startups and late-stage firms for a minimum of 15 years, starting with pre-IPO investments in Facebook and LinkedIn. In recent years, the firm has invested in other fast-growing AI firms, including Scale AI and Cohere. In 2021, it bought shares in OpenAI for the primary time.
The information was the primary to report on Tiger’s planned participation.
OpenAI was valued at $80 billion at the start of the 12 months, up from $29 billion the previous 12 months. Annual revenue reportedly exceeded $2 billion earlier this 12 months.
Growth picked up pace in late 2022 after the corporate launched its chatbot ChatGPT. That momentum continued with latest OpenAI products for enterprises and an expansion into AI-generated photos and videos. According to OpenAI, the corporate has doubled its variety of weekly lively users to 200 million because the end of last 12 months.
The news comes a day after OpenAI released o1, a preview of its latest AI model focused on reasoning and “solving difficult problems.” It also comes after OpenAI CEO Sam Altman met with executives from Anthropic, Nvidia, Microsoft, Google, Amazonand a number of other American energy and utility firms on the White House to debate the long run of artificial intelligence within the US energy infrastructure
The group also discussed bringing together the private and non-private sectors to debate AI energy consumption, data center capability, semiconductor manufacturing and grid capability, sources acquainted with the meeting told CNBC.
A spokesperson for OpenAI didn’t immediately reply to a request for comment.
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