Tiger Global is set to participate in a high-profile new funding round for artificial intelligence startup OpenAI, valuing it at more than $150 billion, according to sources familiar with the matter.
Thrive Capital led the round and plans to invest $1 billion. Microsoft, NVIDIA and apple teeth Reportedly Discussions are underway to participate.
information We were the first to report on Tiger Global’s plans to join.
Earlier this year, OpenAI’s valuation was reported to be $80 billion, up from $29 billion a year earlier. Annual revenue was reported to have exceeded $2 billion earlier this year.
Growth began in the second half of 2022 after the company released its ChatGPT chatbot. That momentum has continued with new OpenAI products for the enterprise and an expansion into AI-generated photos and videos. OpenAI says its weekly active users have doubled to 200 million since the end of last year.
The news came a day after OpenAI released o1, a preview of a new AI model focused on inference and “solving hard problems,” and after OpenAI CEO Sam Altman met with leaders from Anthropocene, Nvidia, Microsoft, Google, and more. Amazon He met with several U.S. power companies at the White House to discuss the future of America’s artificial intelligence energy infrastructure.
The group also explored public-private collaboration to discuss AI energy usage, data center capacity, semiconductor manufacturing and power grid capacity, a source familiar with the meeting told CNBC.
An OpenAI spokesperson did not immediately respond to a request for comment.
—CNBC’s Kate Rooney contributed reporting.
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