Tiger Global Eyes $2.2B Fund for Cautious Tech Investments

Tiger Global, renowned for its aggressive venture capital strategies, is reportedly raising a new fund, PIP Seventeen, worth $2.2 billion. This move comes after a period of significant investment activity, particularly in the tech sector, during the boom years of 2020 and 2021. However, with rising interest rates and a shift in the market, many startups struggled to meet high valuations, leading to a downturn. PIP Seventeen signals a more cautious and targeted approach, with a focus on AI investments like OpenAI, Waymo, and Databricks, which have reportedly driven significant gains. Despite success in AI, Tiger Global acknowledges market risks and aims for a more humble and discerning investment strategy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.