OpenAI explores $10bn private equity joint venture

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OpenAI explores $10bn private equity joint venture

privateequitywire

3 months ago

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OpenAI is in advanced talks to form a joint venture with a group of private equity firms aimed at accelerating the adoption of its artificial intelligence software among enterprise clients, according to a report by Bloomberg.
The report cites unnamed people familiar with the matter as revealing that the proposed vehicle, which could be valued at around $10bn on a pre-money basis, is expected to include backing from firms such as TPG, Brookfield Asset Management and Bain Capital. The investors ar...

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