OpenAI Targets $40B Funding with Saudi, Indian Investors
Artificial intelligence leader OpenAI is in advanced talks to secure up to $40 billion in new funding, with major contributions expected from sovereign wealth funds and global investors. According to The Information, Saudi Arabia's Public Investment Fund (PIF), India's Reliance Industries, and UAE-based MGX are among the key participants in this landmark financing round.
The capital injection would accelerate OpenAI's "Stargate" infrastructure project, while supporting its international expansion strategy. CEO Sam Altman recently met with Indian officials to discuss creating a low-cost AI ecosystem in the country—a clear signal of the company's global ambitions beyond its Silicon Valley roots.
Altman is scheduled to visit Abu Dhabi for further negotiations with MGX, while parallel discussions continue with venture capital firms Coatue and Founders Fund for an additional $100 million raise. These funding efforts come as OpenAI prepares for another potential $17 billion round by 2027 to maintain its technological edge.
With SoftBank's backing, the company appears positioned to dominate the intensifying global AI race. The scale of these investments reflects growing confidence in OpenAI's ability to deliver transformative artificial intelligence solutions across industries worldwide.
Key Points
- OpenAI seeks $40B from sovereign wealth funds and institutional investors
- Funding will support Stargate infrastructure and international expansion
- CEO Altman actively negotiating deals in Middle East and India
- Additional $17B fundraising planned by 2027 for long-term R&D