OpenAI Seeks $40B Funding from Saudi and Indian Investors for AI Expansion

OpenAI, led by Sam Altman, is negotiating with Saudi Arabia''s Public Investment Fund and India''s Reliance Industries to secure $40 billion in funding. The capital will fuel advanced model development and the Stargate project, a multi-billion-dollar initiative linked to former President Donald Trump. SoftBank is spearheading the fundraising, with potential investments reaching hundreds of millions per backer.

The AI giant has also approached existing investor UAE''s MGX, alongside Coatue and Founders Fund, targeting at least $100 million each. Altman''s recent discussions with India''s IT Minister and planned UAE visit underscore the global scramble for AI capital. The sector''s insatiable financial demands reflect the colossal costs of training cutting-edge models.