Tiger Global is set to participate in OpenAI’s highly anticipated new funding round, which would value the artificial intelligence leader at over $150 billion, according to sources familiar with the matter.
Thrive Capital is spearheading the round with a $1 billion investment, while major tech players like Microsoft, Nvidia, and Apple are also reportedly in discussions to join.
This latest development comes after The Information first reported Tiger Global’s involvement. Earlier this year, OpenAI’s valuation surged to $80 billion, a significant leap from its $29 billion valuation the previous year.
The company’s annualized revenue has now surpassed $2 billion.
OpenAI’s rapid growth began with the launch of ChatGPT in late 2022, and the momentum has continued with new AI-driven products for businesses, as well as expansion into AI-generated photos and videos. The number of weekly active users has doubled to 200 million since late last year, reflecting the platform’s rising influence.
The news follows OpenAI’s recent unveiling of "o1," a preview of its latest AI model designed for advanced reasoning and problem-solving. Additionally, OpenAI CEO Sam Altman recently participated in a high-profile meeting at the White House alongside leaders from Anthropic, Nvidia, Microsoft, Google, and Amazon, where discussions focused on the role of AI in U.S. energy infrastructure.
The meeting addressed the intersection of public and private sectors in managing AI's energy consumption, data center capacity, and semiconductor manufacturing. These discussions come as AI's impact on grid capacity and the broader energy landscape becomes increasingly critical.
OpenAI has yet to comment on the funding round or related developments.
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