OpenAI Early Investor Altimeter Seeks to Raise $3.3-3.4 Billion to Keep Betting on AI Unicorns

November 10: According to Bloomberg, prominent investment firm Altimeter Capital Management is raising new funds for its private-market investment business, targeting a combined $3.3 billion to $3.4 billion. It also plans to raise $2.5 billion for a venture capital fund focused on late-stage, pre-IPO companies, and is discussing raising roughly $800 million to $900 million for a new fund aimed at early-stage startups across different sectors. Altimeter's $1.6 billion growth fund and $1.5 billion expansion fund, both closed last year, have already been used to invest in a number of later-stage companies including OpenAI and Anthropic.