According to a media report, the CATT manufacturer OpenAi spoke with the Saudi Public Investment Fund (PIF), the Indian company Reliance Industries and the existing shareholder MGX of the United Arab Emirates about a financing of $ 40 billion (EUR 35 billion).
Investors can bring in at least hundreds of millions of dollars, reported the news portal “the information”, stating insiders.
OpenAi is looking for other means to promote its model development and its ambitious Stargate infrastructure plan. The financing of this plan is currently led by Softbank. The start-up supported by Microsoft also spoke about purchasing at least $ 100 million from coatue and Founders Fund as part of the capital sales, the report continued.
OpenAi expects to find another $ 17 billion in 2027. The Reuters news agency cannot confirm the report immediately. OpenAI, PIF, Reliance Industries, MGX and Softbank did not immediately respond to Reuters questions after a statement.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
