OpenAI is in talks to raise $40 billion from heavyweights like Reliance Industries, Saudi Arabia’s PIF, and UAE’s MGX as it looks to supercharge its AI ambitions.
The deets: each investor could reportedly chip in hundreds of millions in this fundraise.
OpenAI is also seeking another $100 million each from Founders Fund and Coatue. In total, it expects to raise around $17 billion more in 2027 to fuel development and its mega infrastructure plan - Stargate.
Why it matters: Stargate is aiming to deploy $500 billion over time, starting with an initial $100 billion spend. The plan includes building massive data centres and AI campuses that can support OpenAI’s next-gen models and products.
Zoom out: as the global race to build AI infrastructure at scale heats up, OpenAI is moving fast to lock in capital and partnerships. If these deals land, it will mark one of the largest private fundraises ever in tech and put OpenAI firmly in the AI superleague.
