{"id":938178,"date":"2025-06-12T11:40:06","date_gmt":"2025-06-12T06:10:06","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=938178"},"modified":"2025-06-12T11:40:06","modified_gmt":"2025-06-12T06:10:06","slug":"openai-in-talks-for-40bn-fundraise-with-saudi-pif-indias-reliance-and-uaes-mgx-the-information-reports","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/06\/12\/openai-in-talks-for-40bn-fundraise-with-saudi-pif-indias-reliance-and-uaes-mgx-the-information-reports\/","title":{"rendered":"OpenAI in talks for $40bn fundraise with Saudi PIF, India&#8217;s Reliance, and UAE&#8217;s MGX, The Information reports"},"content":{"rendered":"<p>AI tech leader and ChatGPT maker OpenAI is in talks for $40 billion funding with India&#8217;s Reliance Industries, Saudi Arabia&#8217;s Public Investment Fund (PIF) and existing shareholder United Arab Emirates&#8217; MGX, according to a report by The Information, citing sources.<\/p>\n<p>They added that each investors could put in \u201cat least hundreds of millions of dollars\u201d in the fundraise, as the Microsoft-backed AI frontrunner looks to fuel its model development and ambitious infrastructure plan \u2018Stargate\u2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AI tech leader and ChatGPT maker OpenAI is in talks for $40 billion funding with India&#8217;s Reliance Industries, Saudi Arabia&#8217;s Public Investment Fund (PIF) and existing shareholder United Arab Emirates&#8217; MGX, according to a report by The Information, citing sources. They added that each investors could put in \u201cat least hundreds of millions of dollars\u201d in the fundraise, as the Microsoft-backed AI frontrunner looks to fuel its model development and ambitious infrastructure plan \u2018Stargate\u2019.<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-938178","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/938178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=938178"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/938178\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=938178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=938178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=938178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}