OpenAI Stake Cushioned Tiger Global’s Megafund Losses

The Tiger Global Management megafund that made more than 200 investments during the peak of  the pandemic-era startup boom was still in the red at the end of 2024, thanks to write-downs on a majority of its investments.

But the spike in valuations of OpenAI and other artificial intelligence investments is softening the blow for the $12.7 billion fund, famous for both its size and the speed with which it has backed startups.