OpenAI Pursues Investment from Saudi PIF, Reliance in India, and UAE’s MGX: Report

OpenAI is negotiating with several investors, including Saudi Arabia’s Public Investment Fund (PIF), India’s Reliance Industries, and the UAE’s MGX, regarding its $40 billion financing round, as reported by The Information. Each investor may contribute hundreds of millions of dollars, with the effort led by SoftBank. OpenAI seeks funding to enhance model development and its infrastructure initiative, Stargate. The company aims to raise at least $100 million each from investment firms Coatue and Founders Fund, with an additional $17 billion expected in 2027. Earlier this year, OpenAI CEO Sam Altman met with India’s IT Minister to discuss creating a cost-effective AI ecosystem and plans to visit the UAE to further fundraising discussions with MGX, an existing shareholder in the rapidly expanding AI firm.

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