Sept 13 (Askume) – Venture capital firm Tiger Global Management plans to participate in a multibillion-dollar funding round for OpenAI that could value the Chatgate developer at $150 billion, a person familiar with the matter said on Friday.
OpenAI’s massive popularity has made the startup one of the biggest players in the artificial intelligence industry and sparked widespread interest in generative artificial intelligence, with companies racing to profit from the technology.
Josh Kushner’s venture capital firm Thrive Capital plans to provide $1 billion, sources said. The Information, which first reported Tiger’s talks, also said Thrive would lead the round.
If the deal is successful, it would mark Tiger as a returning investor in OpenAI, having previously invested $50 million in the company in 2019 at a valuation of $14.5 billion.
Tiger will join other high-profile investors including Microsoft ( MSFT.O), Nvidia (NVDA.O) , Apple (AAPL.O) and Abu Dhabi artificial intelligence investment firm G42 , which are reportedly in talks to participate in the investment round of financing.
The Sam Altman-led artificial intelligence startup is raising $6.5 billion from investors and seeking an additional $5 billion from banks through a revolving credit facility, Bloomberg reported on Thursday .
OpenAI and Tiger Global management did not immediately respond to Askume requests for comment.
The company recently announced the launch of the “Strawberry” series of artificial intelligence models designed to solve complex problems by taking more time to answer questions .
