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

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Here’s a summary of the information related to OpenAI’s fundraising efforts from the provided text:

Startup:

  • OpenAI

Founders:

  • Sam Altman (CEO)

Investors:

  1. Saudi’s Public Investment Fund (PIF)
  2. Reliance Industries (India)
  3. MGX (UAE)
  4. SoftBank
  5. Coatue
  6. Founders Fund

Fundraise Series:

  • Amount: $40 billion financing
  • Expected Additional Funding: $17 billion in 2027
  • Individual Contributions: At least hundreds of millions from each of the key investors

Dates:

  • The fundraising discussions are ongoing but specific date details are not provided in the text.

Notes:

  • OpenAI’s funding is aimed at model development and the infrastructure plan called "Stargate."
  • Discussions were mentioned regarding creating a low-cost AI ecosystem in India.

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2025-06-12 05:19:00