OpenAI to Form Joint Venture with Various Private Equity Firms, May Receive $4 Billion in Investment
OpenAI is in advanced talks with TPG, Bain Capital, Advent and Brookfield to form a joint venture to distribute artificial intelligence products, sources said. The sources also said private equity firms may commit to investing $4 billion in equity in OpenAI's $10 billion joint venture, in which OpenAI proposes to offer preferred stock and Anthropic proposes to offer common stock. (Golden Ten)
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