Overview

• OpenAI is in advanced talks with Saudi Arabia’s Public Investment Fund, India’s Reliance Industries and UAE-based MGX for the $40 billion financing round led by SoftBank.
• The proceeds will be directed toward the company’s next-generation AI model development and its ambitious Stargate infrastructure initiative.
• CEO Sam Altman has met with India’s IT minister and is preparing for discussions in the UAE as part of his global investor outreach.
• The company is also negotiating with US-based Coatue Management and Founders Fund for at least $100 million each.
• OpenAI plans to raise an additional $17 billion in 2027 under its long-term capital strategy.