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OpenAI Explores Funding from Saudi Arabia, India, and UAE Investors for $40 Billion Raise

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OpenAI, the creator of ChatGPT, has held talks with Saudi Arabia’s Public Investment Fund (PIF), India’s Reliance Industries, and the UAE’s MGX about joining its planned $40 billion financing round, The Information reported on Wednesday. Each investor could contribute hundreds of millions of dollars or more, according to sources familiar with the discussions.

The fundraise, reportedly led by SoftBank, aims to support OpenAI’s development of advanced AI models and its ambitious infrastructure project called Stargate. Earlier in 2025, CEO Sam Altman engaged with India’s IT Minister about fostering a low-cost AI ecosystem, and he planned to visit the UAE to pursue funding talks with MGX, sources told Reuters.

OpenAI is also in discussions with U.S. investors Coatue and Founders Fund to secure at least $100 million each. The company anticipates raising an additional $17 billion by 2027 to continue scaling its AI capabilities.

Microsoft-backed OpenAI and the mentioned investors have not yet responded to requests for comment, and Reuters has not independently verified the funding discussions.

OpenAI and Meta in Talks with Reliance for AI Partnerships

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OpenAI and Meta Platforms have reportedly held separate discussions with India’s Reliance Industries regarding potential partnerships to expand their artificial intelligence offerings in the country, according to a report from The Information on Saturday.

One possibility under consideration involves a partnership between Reliance Jio and OpenAI to distribute ChatGPT in India. Additionally, OpenAI has reportedly discussed lowering the subscription price of ChatGPT to a few dollars per month, although it is unclear if this price reduction is part of the talks with Reliance.

Reliance Industries is also exploring selling OpenAI’s models to its enterprise customers via an application programming interface (API) and has discussed hosting and running OpenAI models locally to ensure data from Indian customers remains within the country. The conglomerate has expressed interest in using a planned three-gigawatt data center, which would be the largest in the world, located in Jamnagar, Gujarat, to run both OpenAI and Meta’s AI models.

Meta has declined to comment on the report, and neither OpenAI nor Reliance have provided immediate responses.

Reliance Industries, led by Mukesh Ambani, is one of India’s largest conglomerates, with operations spanning petrochemicals, refining, telecommunications, retail, and green energy.

Report: Disney and Reliance Forge Non-binding Agreement to Merge India Media Operations

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Reliance Industries, India’s foremost company, and Walt Disney have reportedly entered a non-binding term agreement to consolidate their Indian media operations. Sources, unnamed in the report, revealed that in this proposed merger, Devamını Oku