OpenAI Seeks $40 Billion Investment from Global Stakeholders, Including Saudi Arabia’s PIF and India’s Reliance Industries, to Enhance AI Development: Report Involving Microsoft and SoftBank Group

OpenAI is reportedly aiming to raise $40 billion in funding, attracting significant investment from entities such as Saudi Arabia’s Public Investment Fund, India’s Reliance Industries, and UAE’s MGX. Each investor is expected to contribute hundreds of millions of dollars, with fundraising led by SoftBank Group. Furthermore, OpenAI is in discussions with firms like Coatue and Founders Fund to secure at least $100 million from each. The company anticipates an additional $17 billion in funding by 2027. This push for capital comes as OpenAI’s annualized revenue run rate has surged to $10 billion from $5.5 billion, driven largely by the widespread adoption of ChatGPT, which boasted 500 million weekly active users as of March. The development and infrastructure project, Stargate, are key focuses for this new funding, aimed at enhancing OpenAI’s offerings in the competitive AI landscape.

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