After Headline-Making Losses in 2022, Tiger Global Touts a $5 Billion Windfall on an OpenAI Bet

After Headline-Making Losses in 2022, Tiger Global Touts a $5 Billion Windfall on an OpenAI Bet

The firm invested $150 million in Sam Altman’s company back in 2021 before ChatGPT launched and has added to the investment over the years.

OpenAI Investment Boosts Tiger Global's Hedge Fund

OpenAI is in talks to raise $30 billion at a $1.4 trillion valuation, with Tiger Global poised for a paper profit of $5 billion. Hema Parmar reports on "Bloomberg Open Interest." (Source: Bloomberg)

Tiger Global set for $5bn paper gain from early OpenAI investment

Tiger Global Management is poised to generate an estimated $5bn in paper gains from its early investment in OpenAI, as the artificial intelligence company pursues a new funding round that could value it at $1.4tn, according to a report by Bloomberg.The New York-based investment firm committed $150m to OpenAI in 2021, when the company was valued at $15.7bn, following an approach from co-founder and chief executive Sam Altman to Tiger Global found…

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Tiger Global Management is positioned for an estimated $5bn paper profit from its early investment in OpenAI, after founder Chase Coleman agreed to back the company in 2021 at a $15.7bn valuation. Tiger initially invested $150m and subsequently increased its stake several times. OpenAI is now discus... Article link

Tiger Global could collect about $5 billion from its early OpenAI bet

Tiger Global's potential $5 billion gain from OpenAI highlights the transformative impact of early tech investments on venture capital strategies.