Key Takeaways
- • Tiger Global Management holds an estimated $5bn paper gain on its early OpenAI investment, according to Bloomberg.
- • Tiger initially committed $150m in 2021, when OpenAI was valued at $15.7bn, and subsequently increased its position.
- • OpenAI is reportedly discussing a $30bn funding round, per the same Bloomberg report.
Summary
Tiger Global Management is sitting on an estimated $5bn paper gain from its early investment in OpenAI, according to Bloomberg. The hedge fund first committed $150m in 2021, when OpenAI was valued at $15.7bn, and later increased its position.
The gain is unrealized and reflects the rise in OpenAI's valuation since Tiger's initial entry. It will not be crystallized until the position is sold or otherwise monetized.
OpenAI is reportedly discussing a $30bn funding round. The available coverage does not detail the round's terms, participants, or implied valuation. The story was also carried by The Armchair Trader under a matching headline.
The gain is unrealized and reflects the rise in OpenAI's valuation since Tiger's initial entry. It will not be crystallized until the position is sold or otherwise monetized.
OpenAI is reportedly discussing a $30bn funding round. The available coverage does not detail the round's terms, participants, or implied valuation. The story was also carried by The Armchair Trader under a matching headline.
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