OpenAI Seeks Global Investment Boost: Aiming for $40 Billion with SoftBank, Saudi, Indian, and UAE Partners

OpenAI, known for its development of ChatGPT, is in discussions with Saudi Arabia's Public Investment Fund (PIF), India's Reliance Industries, and existing shareholder Abu Dhabi's MGX to raise a significant portion of its ambitious $40 billion funding target. Sources familiar with the negotiations suggest that each of these investors might contribute hundreds of millions of dollars to the effort.

Leading the funding round is SoftBank, aiming to support OpenAI's expansive plans for model development and its ambitious Stargate infrastructure program. This strategic funding initiative underscores OpenAI's ongoing efforts to diversify its financial support from an array of international investors, potentially impacting its future growth trajectory significantly.

Earlier this year, OpenAI CEO Sam Altman met with India's Minister of Electronics and Information Technology to explore plans for developing a cost-effective AI ecosystem. Following this, Altman intended to visit the United Arab Emirates to further negotiations with Abu Dhabi's MGX. These interactions highlight OpenAI's proactive approach to securing foreign investments to fuel its burgeoning ambitions in the AI space.

Furthermore, OpenAI is also negotiating potential funding of at least $100 million each from Coatue and Founders Fund. Looking ahead, the company anticipates raising an additional $17 billion by the year 2027, emphasizing its long-term commitment to scaling and advancing its technological innovations.