She did “OPII“Model Mag”On the shat of shifts“Talks with several parties, including the Saudi Public Investment Fund and the Indian company” Rillance Industries “alongside the Emirati MGX fund, in order to obtain funding of up to 40 billion dollars, according to a report published by” Reuters “.
These talks come within the “Oben AI” efforts to enhance its artificial intelligence models as well as implement the ambitious Stargate project that leads its financing “Softbank”.
The report also referred to an interview conducted by Sam Altman, CEO of “Oben AI” with the Indian Minister of Information Technology to discuss the country’s efforts in the artificial intelligence sector, before the UAE’s visit to discuss the new investment from the “MGX” fund.
The report emphasized that “Oben AI” seeks to raise $ 100 million from each investor at least with expectations that the company will need an additional 17 billion by 2027.
It should be noted that the “MGX” investment fund participated in the previous investment tour of “Oben AI”, which took place last October and raised 6.6 billion dollars from several investors, among them “Nafidia“And”MicrosoftAnd “Soft Bank”, according to a previous report from “Reuters”.