OpenAI is advancing its efforts to raise a total of $40 billion in funding to support the development of its AI infrastructure and new projects, including the Stargate plan. The funding round, initially announced in March 2025 and led by SoftBank, involves multiple global investors. Saudi Arabia’s Public Investment Fund, India’s Reliance Industries, and the UAE-based MGX have been engaged in discussions for participation in this round. Additionally, prominent investment firms Founders Fund and Dragoneer Investment Group have each committed over $1 billion to the second installment of the fundraising, which amounts to approximately $30 billion of the total $40 billion target. OpenAI plans to utilize the raised capital to build data centers and expand its AI model development capabilities. The fundraising reflects strong investor confidence in OpenAI’s position in the artificial intelligence sector.