OpenAI Nears $40B Fundraise with Saudi, Indian, UAE Investors

OpenAI is in advanced talks with major global investors, including Saudi Arabia’s Public Investment Fund (PIF), India’s Reliance Industries, and the United Arab Emirates’ MGX, to raise up to $40 billion in fresh funding. This capital raise, supported by lead investor SoftBank, aims to finance OpenAI’s ambitious $500 billion 'Project Stargate,' which focuses on building advanced AI infrastructure in the United States. Venture capital firms Coatue Management and Founders Fund are also in discussions to invest at least $100 million each as part of this effort. The funding will support OpenAI’s model development and infrastructure expansion to maintain its leadership in the AI industry, with the popular ChatGPT chatbot continuing to see widespread use globally. OpenAI plans to raise an additional $17 billion in 2027, underscoring its long-term growth strategy. CEO Sam Altman has engaged with government officials in India and investment groups in the UAE to facilitate these fundraising initiatives.