Share via:
OpenAI is moving East in search of its next big funding meal. The AI juggernaut has held talks with homegrown conglomerate Reliance Industries, along with Saudi Arabia’s Public Investment Fund and UAE-based existing shareholder MGX, to raise the second tranche of its $40 Bn fundraise.
The conglomerate could potentially pump “at least hundreds of millions of dollars” during the round, which could peg OpenAI at a staggering $300 Bn post-money valuation.
Why…
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.
OpenAI is moving East in search of its next big funding meal. The AI juggernaut has held talks with homegrown conglomerate Reliance Industries, along with Saudi Arabia’s Public Investment Fund and UAE-based existing shareholder MGX, to raise the second tranche of its $40 Bn fundraise.
The conglomerate could potentially pump “at least hundreds of millions of dollars” during the round, which could peg OpenAI at a staggering $300 Bn post-money valuation.
Why…
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.
Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi
