
Business News 100
June 12, 2025 at 08:04 AM
Sam Altman-led OpenAI is reportedly in talks with Mukesh Ambani’s Reliance Industries and several global investors for a $40 billion fundraising round. Potential investors include Saudi Arabia’s Public Investment Fund (PIF), UAE-based MGX, Reliance, SoftBank, Coatue Management, and Founders Fund—each expected to contribute over $100 million. The funds will support OpenAI’s AI model development and its massive infrastructure project, Stargate. The funding round is being led by SoftBank and signals growing global interest in OpenAI’s expansion.
