Tiger Global Bets on OpenAI Gains Could Reach $5 Billion

Reports indicate that Tiger Global Management invested in OpenAI at a valuation of approximately $15.7 billion back in 2021. As OpenAI now seeks to raise $30 billion at a $140 billion valuation, the paper gains on that investment could reach $5 billion. It is reported that Tiger Global initially invested $150 million and has since increased its stake multiple times. Before OpenAI's IPO, the company cannot fully exit and realize these gains. Its latest venture fund, with a size of $2.7 billion, lists OpenAI as one of its largest holdings; by the end of June, the gross internal rate of return reached 65%.