Chatgpt Maker Openai is in conversations with large investors from Saudi -Arabia and India to collect a large amount – about $ 40 billion, according to The information.
The report said the AI company has spoken to Saudi -Arabia’s Public Investment Fund (PIF), India’s Reliance Industries and Existing Shareholders The United Arab Emirates’ MGX about its $ 40 billion funding.
The company wants to use this financing to build powerful new AI systems and the massive infrastructure needed to support them.
Investors could each contribute at least hundreds of millions of dollars, the report said, referring to people who are familiar with fundraising efforts.
Openai is trying to raise more capital to support its model development and its ambitious infrastructure plan, Stargate, with the financing round led by Softbank.
Earlier this year, Openai CEO Sam Altman met with India’s IT minister and discussed the country’s plans to create a cheap AI ecosystem. After this meeting, Altman also had plans to visit the UAE to discuss raising money with Abu Dhabi-based investment group MGX, according to two sources with knowledge of the case.
The Microsoft-backed start-up has also given lectures to raise at least $ 100 million each from Coatue and Founder’s findings as part of the same fundraising round, the information report added. The company also expects to secure an additional $ 17 billion in 2027.
Reuters could not immediately verify the report.
Openai, PIF, Reliance Industries, MGX and Softbank did not immediately respond to Reuters’ requests for comment.
