OpenAI has discussed raising money from Saudi Arabia, Indian investors, The Information reports

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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 fundraise.

OpenAI is looking to raise more funds to fuel its model development and ambitious infrastructure plan Stargate, with the financing led by SoftBank.

Earlier this year, OpenAI CEO Sam Altman met with India’s IT Minister and…



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OpenAI has discussed raising money from Saudi Arabia, Indian investors, The Information reports


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 fundraise.

OpenAI is looking to raise more funds to fuel its model development and ambitious infrastructure plan Stargate, with the financing led by SoftBank.

Earlier this year, OpenAI CEO Sam Altman met with India’s IT Minister and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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