• 34ºc, Sunny

Tiger Global Management plans to participate in OpenAI funding round

Tiger Global Management, a venture capital firm, plans to participate in a multibillion-dollar funding round for OpenAI that values ChatGPT developer OpenAI at $150 billion, according to people familiar with the matter. In addition to Tiger Global, Thrive Capital, Microsoft, Nvidia, Apple, Abu Dhabi artificial intelligence investment firm MGX and Khosla Ventures are also in talks to participate. (The Information)