OpenAI Fundraising Gains Momentum with Interest from Saudi Arabia and Indian Investors

AI pioneer OpenAI is reportedly exploring new funding opportunities, with discussions underway involving investors from both Saudi Arabia and India. According to MSN, OpenAI has talked with Saudi Arabia’s PIF, India’s Reliance Industries, and the UAE’s MGX to raise funds of $40 billion.

The company has seen a surge in global interest following the success of ChatGPT and its broader AI offerings. This has attracted the attention of large investors seeking to gain early access to what is seen as the future of computing.

Saudi Arabia’s PIF Among Key Players

OpenAI’s financing talks with PIF refer to Saudi Arabia’s Public Investment Fund. The PIF is the kingdom’s powerful sovereign wealth fund, known for backing major tech ventures worldwide. If a deal materializes, this could represent one of the largest Middle Eastern investments in the AI space.

On the Indian side, sources say that Reliance Industries may also be considering an investment in OpenAI. Reliance, one of India’s largest conglomerates, has been rapidly expanding into technology and digital services. A potential partnership with OpenAI would align with its goal of driving innovation in artificial intelligence and cloud infrastructure.

OpenAI is planning to raise additional capital to support its ongoing model development and its large-scale infrastructure initiative, Stargate, with SoftBank expected to lead the funding round.

Earlier this year, OpenAI CEO Sam Altman met with India’s IT Minister to discuss the country’s vision for building an affordable AI ecosystem. Following that meeting, Altman reportedly planned a trip to the UAE to explore fundraising opportunities with Abu Dhabi’s investment firm MGX.

Aiming for a $40 Billion Round

OpenAI’s latest funding round is $40 billion and could rank among the largest in tech history. While exact terms are yet to be disclosed, the funding is expected to support the expansion of OpenAI’s research, cloud infrastructure, and product development.

Analysts say that such a massive raise would not only reflect investor confidence but also OpenAI’s ambition to dominate the AI landscape. It could also help the company keep pace with rivals like Google DeepMind, Anthropic, and Meta in the rapidly evolving AI arms race.

Investor Pool Expands with Global Names

As talks progress, reports also mention that OpenAI investors include MGX, a global investment firm known for backing emerging technologies. The inclusion of diverse international backers shows the growing belief that OpenAI is building foundational tools that could shape the future of industries from healthcare to finance.

The involvement of both sovereign wealth funds and tech giants highlights how AI has become a strategic priority across geographies and sectors.

OpenAI’s fundraising efforts involving investments from Saudi Arabia and Indian investors marks a new chapter in the company’s growth story. With major funds like the PIF and players like Reliance Industries expressing interest, OpenAI’s next phase may be deeply global. If OpenAI’s $40 billion funding round comes together as planned, it would further solidify the company’s place at the heart of the AI revolution.