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802 OpenAI in talks with Saudi’s PIF, UAE’s MGX for $40 billion funding round

MENAbytes
MB Staff @ MENAbytes 2 place · 06/12/2025 05:29 EDT

OpenAI in talks with Saudi’s PIF, UAE’s MGX for $40 billion funding round

ChatGPT maker OpenAI is in discussions to raise up to $40 billion in funding, with Saudi Arabia’s Public Investment Fund (PIF) and UAE-based sovereign wealth fund MGX among the key investors being courted, according to a report by The Information. The massive funding round, which would be led by SoftBank Group, is expected to see ...

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