Odaily Planet Daily reports that sources say OpenAI is in advanced talks with TPG, Bain Capital, Advent, and Brookfield to form a joint venture for distributing AI products. The sources also indicate that private equity firms may commit $4 billion in equity to the $10 billion joint venture. OpenAI plans to offer preferred shares in the joint venture, while Anthropic has proposed offering common shares. (Jinshi)
OpenAI to Form Joint Venture with Private Equity Firms, May Secure $4 Billion Investment
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Summary
OpenAI is in advanced talks with TPG, Bain Capital, Advent, and Brookfield to establish a joint venture for AI product distribution. The private equity firms could invest $4 billion in a deal valuing OpenAI at $10 billion. OpenAI will offer preferred shares, while Anthropic will provide common shares. This development follows growing interest in AI and crypto news, as well as broader developments in the crypto space.
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