OpenAI Forms $10B Venture With Private Equity

OpenAI plans a joint venture with private equity firms TPG, Advent International, Bain Capital and Brookfield to accelerate distribution of its enterprise AI products, Reuters reported; the venture is expected to be about $10 billion with roughly $4 billion in backing and equity stakes for the firms. Anthropic is pursuing a similar arrangement with Blackstone, Permira and Hellman & Friedman, with OpenAI offering senior-class equity and Anthropic selling ordinary shares, signaling broader enterprise AI deployment through PE portfolios.