OpenAI in Talks with PE Firms for $10 Billion Joint Venture

OpenAI is reportedly in advanced talks with private equity firms like TPG, Advent International, and Bain Capital to form a joint venture with a pre-money valuation of around $10 billion. The venture would distribute OpenAI's enterprise products across the firms' portfolio companies and beyond. In parallel, Anthropic is also in discussions with private equity firms to form a joint venture for its Claude AI technology. The deals aim to accelerate corporate adoption of AI and provide PE firms with a potential lifeline for companies exposed to AI disruption.