OpenAI eyes Saudi, Indian investors for next $40B funding round

OpenAI is in talks with Saudi Arabia’s Public Investment Fund, India’s Reliance Industries, and existing UAE backer MGX to help complete a $40 billion funding round led by SoftBank. The Saudi investment would signal the kingdom’s renewed interest in directly backing U.S. tech startups. OpenAI has already raised $10 billion of the first tranche and aims to close the next $30 billion by December, as it faces unprecedented capital needs to fund its growing AI operations. The company projects spending $90 billion on servers between 2025 and 2027 and is also pursuing partnerships with Reliance to expand AI adoption in India. Completion of the funding depends on restructuring the for-profit unit, though legal challenges could impact the timeline.