OpenAI Looks To Raise $40 Billion From Global Investors Including Saudi Arabia's PIF, India's Reliance Industries To Accelerate AI Models And Stargate: Report

OpenAI is reportedly seeking to raise $40 billion in funding, with major investments from Saudi Arabia's Public Investment Fund (PIF), India's Reliance Industries and the existing shareholder UAE's MGX.

What Happened: Each investor could contribute at least several hundred million dollars, reported Reuters, via The Information.

The Microsoft Corp. (NASDAQ:MSFT) backed startup is seeking additional funding to support its model development and its ambitious infrastructure project, Stargate, with the financing round being led by SoftBank Group (OTC:SFTBF) (OTC:SFTBY).

See Also: Mark Zuckerberg Warns Of ‘Serious Disadvantage’ As China’s Data-Center Blitz Could Let DeepSeek Leapfrog US AI Labs

OpenAI is also in talks with other major investors, including Coatue and Founders Fund, aiming to raise at least $100 million from each of these firms. The company is reportedly planning an additional $17 billion in funding for 2027, the report added.

Why It’s Important: Earlier this week, it was reported that OpenAI’s annualized revenue run rate has nearly doubled to $10 billion, up from $5.5 billion at the end of 2024, excluding Microsoft licensing and one-time deals.

The growth is driven by strong adoption of ChatGPT, which had 500 million weekly active users as of March.

Benzinga's Edge Stock Rankings suggest a positive outlook for Microsoft over the short, medium and long term. Additional detailed metrics are available here.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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