Venture capital firm Tiger Global Management is set to participate in a major funding round for OpenAI, which would value the ChatGPT developer at $150 billion. The funding round, reportedly worth $6.5 billion, also seeks an additional $5 billion in debt through a revolving credit facility.
High-profile investors including Thrive Capital, Microsoft, Nvidia, Apple, Abu Dhabi’s G42, and Khosla Ventures are also involved. Thrive Capital plans to lead the round with a $1 billion commitment.
OpenAI, led by Sam Altman, has recently introduced its “Strawberry” series of AI models, designed to enhance problem-solving by allowing more processing time for complex queries. Both OpenAI and Tiger Global have not yet commented on the news.
