OpenAI discusses raising money from Saudi Arabia, Indian investors ...
The investors could put in at least hundreds of millions of dollars each, the report said, citing people familiar with the fundraising. OpenAI is looking to raise more funds to fuel its model development and ambitious infrastructure plan Stargate, with the financing led by SoftBank.
Plans for Expansion
Earlier this year, OpenAI CEO Sam Altman met with India’s IT minister and discussed India’s plan of creating a low-cost AI ecosystem. Following this, Altman also had plans to visit the UAE to discuss raising funds with Abu Dhabi investment group MGX, according to two sources with knowledge of the matter as told to Reuters.
The Microsoft-backed startup has also discussed raising at least US$100 million each from Coatue and Founders Fund as part of the fundraise, as reported by The Information. The company also expects to raise an additional US$17 billion in 2027, the report added.
Reuters could not immediately confirm the report. OpenAI, PIF, Reliance Industries, MGX, and SoftBank did not immediately respond to Reuters requests for comment.
Stay current - Follow FMT on WhatsApp, Google News, and Telegram. Subscribe to our newsletter and get news delivered to your mailbox.
Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy, and Cookies Policy.
Copyright © 2009 - 2025 FMT Media Sdn Bhd (1235453-U) All Rights Reserved. A part of Media Prima Group.
