India, June 12 -- ChatGPT maker OpenAI is reportedly in talks with Reliance Industries, Saudi Arabia's Public Investment Fund (PIF) and existing shareholder United Arab Emirates' MGX for its $40 Bn funding.
Citing sources, The Information reported that each investor could put in "at least hundreds of millions of dollars" in the fundraise, as the Microsoft-backed AI frontrunner looks to fuel its model development and infrastructure plan 'Stargate'.
Inc42 has reached out to OpenAI for comments on the development. The story will be updated based on the response.
In late March, the AI chatbot company initially announced its $40 Bn funding at a $300 Bn post-money valuation, with ambitions of sharpening its frontiers of AI research, scale it...
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