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.