Riyadh - Sharikat Mubasher: OpenAI, the US-based artificial intelligence (AI) organization and creator of ChatGPT, is in talks with Saudi Arabia’s Public Investment Fund (PIF), the UAE’s MGX, and India’s Reliance Industries to support its $40 billion fundraising.

The planned funding is expected to fuel OpenAI’s model development and its ambitious infrastructure plan, named “Stargate,” according to The Information, which cited people familiar with the fundraising.

The investors could each contribute hundreds of millions of dollars.

OpenAI also discussed raising at least $100 million each from Coatue and Founders Fund as part of the fundraise, with plans to secure an additional $17 billion in 2027.