OpenAI in talks for $40bn fundraise with Saudi PIF, India’s Reliance, and UAE’s MGX, The Information reports

AI tech leader and ChatGPT maker OpenAI is in talks for $40 billion funding with India’s Reliance Industries, Saudi Arabia’s Public Investment Fund (PIF) and existing shareholder United Arab Emirates’ MGX, according to a report by The Information, citing sources.

They added that each investors could put in “at least hundreds of millions of dollars” in the fundraise, as the Microsoft-backed AI frontrunner looks to fuel its model development and ambitious infrastructure plan ‘Stargate’.