OpenAI is in talks with investors from Saudi Arabia, India, and the United Arab Emirates to raise $40 billion to fund its infrastructure plans and technological development, according to The Information.
Sources say that Saudi Arabia’s Public Investment Fund (PIF), India’s Reliance Industries, and UAE-based MGX, an existing OpenAI investor, each intend to invest hundreds of millions of dollars in the fund.
The financing round is led by Japan’s tech giant SoftBank, and OpenAI aims to use the funds to advance its large-scale infrastructure project called “Stargate.”
Earlier this year, OpenAI CEO Sam Altman met with India’s IT Minister to discuss plans for creating a low-cost AI ecosystem in the country. He is also expected to visit the UAE to negotiate funding with the Abu Dhabi investment group MGX.
Additionally, other major investment funds such as Coatue Management and Founders Fund are in talks to invest at least $100 million each. The company plans to raise an additional $17 billion by 2027.
OpenAI and the mentioned parties have not yet provided official comments on these reports.
This move is part of OpenAI’s strategic, large-scale financial initiatives to maintain and strengthen its global leadership position in the field of artificial intelligence.
