ChatGPT maker OpenAI has talked to Saudi's PIF, India's Reliance Industries and existing shareholder United Arab Emirates' MGX about its $40 billion financing, The Information reported on Wednesday.
The investors could put in at least hundreds of millions of dollars each, the report said, citing people familiar with the fundraising.
OpenAI is seeking to raise additional funds to support its model development and ambitious infrastructure plan, Stargate, with financing led by SoftBank.
Earlier this year, OpenAI CEO Sam Altman met with India's IT Minister and discussed India's plan to create a low-cost AI ecosystem.
Following the meeting, Altman also planned to visit the UAE to discuss raising funds with the Abu Dhabi investment group MGX, two sources with knowledge of the matter told Reuters.
The Microsoft-backed startup has also discussed raising at least $100 million each from Coatue and Founders Fund as part of the fundraising effort, according to The Information, which reported that the company also expects to raise an additional $17 billion in 2027.
Reuters could not immediately confirm the report.
OpenAI, PIF, Reliance Industries, MGX and SoftBank did not immediately respond to Reuters requests for comment.
(Reuters)