03:32 PM EDT, 06/12/2025 (MT Newswires) -- Microsoft ( MSFT ) -backed OpenAI is tapping Saudi Arabia's Public Investment Fund, India's Reliance Industries and existing shareholder UAE's MGX to invest in the next installment of its SoftBank-led $40 billion financing, The Information reported late Wednesday, citing two people familiar with the fundraise.

The latest funding round would value OpenAI at around $260 billion before the investment, the news report said.

The company has already raised $10 billion, of which $7.5 billion came from SoftBank, the news report said, citing sources.

SoftBank is willing to chip in "at least three-quarters" for the second installment of $30 billion, which is expected to close in December, according to the news report.

OpenAI, PIF and Reliance Industries didn't immediately respond to a request for comment from MT Newswires. MGX could not be reached for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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