Tiger Global plans to join OpenAI’s funding round at more than $150 billion valuation

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Tiger Global is planning to join OpenAI's buzzy new funding round that would value the artificial intelligence startup at more than $150 billion, according to sources familiar with the situation.

Thrive Capital is leading the round and plans to invest $1 billion. Microsoft, Nvidia and Apple are reportedly in talks to join as well.

The Information was the first to report on Tiger Global's planned participation.

Earlier this year, OpenAI was valued at a reported $80 billion, up from $29 billion the prior year. Annualized revenue reportedly surpassed $2 billion earlier this year.

Growth took off in late 2022 after the company launched its ChatGPT chatbot. That momentum has continued with new OpenAI products for businesses and an expansion into AI-generated photos and videos. The company has doubled its number of weekly active users from late last year to 200 million, according to OpenAI.

The news comes one day after OpenAI released o1, a preview of its new AI model focused on reasoning and "solving hard problems." It also comes after OpenAI CEO Sam Altman joined leaders from Anthropic, Nvidia, Microsoft, Google, Amazon and several American power and utility companies at the White House to discuss the future of artificial intelligence energy infrastructure in the U.S.

The group also discussed bringing the public and private sectors together to talk about AI's energy usage, data center capacity, semiconductor manufacturing, and grid capacity, sources familiar with the meeting told Our.

A spokesperson for OpenAI did not immediately respond to a request for comment.

— Our's Kate Rooney contributed reporting.

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