OpenAI, the creator of ChatGPT, is in discussions with Saudi Arabia’s Public Investment Fund (PIF), India’s Reliance Industries, and the UAE’s MGX regarding a $40 billion financing effort, as reported by The Information. Each investor is expected to contribute hundreds of millions. OpenAI aims to secure funding for its model development and a major infrastructure initiative known as Stargate, with financing primarily led by SoftBank. Earlier this year, CEO Sam Altman met with India’s IT Minister to explore a low-cost AI ecosystem and planned a visit to the UAE for similar discussions with MGX. Additionally, OpenAI is looking to raise at least $100 million each from Coatue and Founders Fund, with projections to secure an extra $17 billion by 2027. The involved parties did not immediately respond to requests for comment.
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