Anthropic and OpenAI form separate joint ventures to sell enterprise AI
Both Anthropic and OpenAI are forming separate joint ventures with large asset managers and private equity firms to sell enterprise AI services. Anthropic’s venture lists Blackstone, Hellman & Friedman and Goldman Sachs among backers and has been reported at a $1.5 billion valuation.
OpenAI’s venture has raised over $4 billion from investors including TPG and Brookfield and is reported at a $10 billion valuation with OpenAI retaining majority control.
Key Takeaways
- Anthropic announced a joint venture backed by Blackstone, Hellman & Friedman and Goldman Sachs, with the deal reported at a $1.5 billion valuation and $300 million commitments from Anthropic, Blackstone and Hellman & Friedman.techcrunch.com
- Bloomberg reported OpenAI raised over $4 billion from investors including TPG and Brookfield for a separate venture valued at $10 billion that OpenAI will majority-control.bloomberg.com
- Both ventures will use asset managers’ portfolio relationships to find buyers and will deploy forward-deployed engineers to integrate AI into mid-sized companies across industries.techcrunch.combloomberg.com
Affected Companies
Sources
OpenAI Finalizes $10 Billion Joint Venture With PE Firms to Deploy AI
Bloomberg
“OpenAI raised over $4 billion for a venture valued at $10 billion that will be majority-owned and controlled by OpenAI.”
Anthropic and OpenAI are both launching joint ventures for enterprise AI services
TechCrunch
“Anthropic’s venture is backed by Blackstone, Hellman & Friedman and Goldman Sachs with a reported $1.5 billion valuation.”