US EditionOpenAI has discussed raising money from Saudi Arabia, Indian investors, The Information reports
- OpenAI is in discussions to raise around $40 billion from investors, including Saudi Arabia's Public Investment Fund and India's Reliance Industries, as reported by The Information.
- The funding aims to support the development of powerful new AI systems and infrastructure, with contributions expected in the hundreds of millions from major investors.
- OpenAI CEO Sam Altman discussed creating a low-cost AI ecosystem in India and plans visits to the UAE for fundraising.
- The company expects to secure an additional $17 billion in 2027 and seeks to raise at least $100 million from Coatue and Founders Fund during this financing round.
21 Articles
21 Articles
OpenAI is exploring new borders to secure its funding and has initiated discussions with several global actors.According to The Information's original report, discussions include Saudi Arabia's Public Investment Fund (PIF), India's Reliance Industries conglomerate and MGX, an existing shareholder in the United Arab Emirates.The ambitious goal of the $40 billionThis OpenAI financial maneuver focuses on an impressive figure: $40 billion.This amoun…
OpenAI has discussed raising money from Saudi Arabia investors
ChatGPT maker OpenAI has talked to Saudi's PIF, India's Reliance Industries and existing shareholder United Arab Emirates' MGX about its $40 billion financing, The Information reported on Wednesday. The investors could put in at least hundreds of millions of dollars each, the report said, citing people familiar with the fundraising. OpenAI is seeking to raise additional funds to support its model development and ambitious infrastructure plan, St…
OpenAI in talks for $40bn fundraise with Saudi PIF, India's Reliance, and UAE's MGX, The Information reports
OpenAI is in talks with Saudi's PIF, Reliance Industries, and UAE's MGX for a $40 billion financing round, with potential investments of hundreds of millions each.
OpenAI eyes $30 billion from global backers including Saudi PIF, Reliance, MGX in SoftBank-led mega fundraise
If successful, the new capital would further strengthen OpenAI’s position as one of the most richly valued private tech firms in the world, with a pre-money valuation of $260 billion for this round.
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