menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Startup News

>

OpenAI has...
source image

Economic Times

1M

read

1.5k

img
dot

Image Credit: Economic Times

OpenAI has discussed raising money from Saudi Arabia, India’s Reliance Industries: The Information reports

  • OpenAI has discussed raising $40 billion from investors including Saudi's PIF, India's Reliance Industries, and UAE's MGX for its model development and infrastructure plan Stargate.
  • Investors could contribute hundreds of millions of dollars each, with SoftBank leading the financing.
  • OpenAI CEO Sam Altman had talks with India's IT Minister regarding India's low-cost AI ecosystem plan and planned discussions with UAE's MGX for fundraise.
  • The startup is also considering raising $100 million each from Coatue and Founders Fund, aiming for an extra $17 billion in 2027.
  • The report's confirmation by Reuters is pending as OpenAI, PIF, Reliance Industries, MGX, and SoftBank did not immediately respond to requests for comment.

Read Full Article

like

8 Likes

For uninterrupted reading, download the app