OpenAI is reportedly in discussions with major investors from Saudi Arabia and India, including the Saudi Public Investment Fund (PIF) and Reliance Industries, as part of its ambitious $40 billion fundraising plan, according to The Information.

The report highlights that OpenAI has held conversations with both Middle Eastern and Indian financial heavyweights, signalling the company’s intent to broaden its global investor base. The discussions are part of OpenAI’s efforts to secure capital for its AI infrastructure and long-term growth strategy.

In addition to the current fundraising round, OpenAI has informed potential investors that it aims to raise another $17 billion in 2027, further underlining the scale of its future expansion plans.

Meanwhile, OpenAI’s lead investor SoftBank has reportedly been buying employee shares, indicating continued confidence in the AI firm’s valuation and growth trajectory.

The reported talks with sovereign wealth funds and major corporate entities come as OpenAI continues to lead the global artificial intelligence race with innovations like ChatGPT and partnerships across the tech ecosystem.