TMTPOST -- OpenAI has held discussions with Saudi Arabia’s Public Investment Fund (PIF), India’s Reliance Industries, and the UAE-based MGX—an existing investor—as part of efforts to secure a massive $40 billion financing round, The Information reported on Wednesday. The potential backers could each invest hundreds of millions of dollars, according to people familiar with the talks. The fresh capital would help fuel OpenAI’s ongoing development of advanced AI models and support its ambitious infrastructure initiative known as Stargate. The fundraising is being led by Japan’s SoftBank.