OpenAI to commit up to $1.5bn to PE-linked venture

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OpenAI to commit up to $1.5bn to PE-linked venture

privateequitywire

3 months ago

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OpenAI is in discussions to invest as much as $1.5bn into a new joint venture backed by private equity firms, in a move aimed at speeding up the deployment of artificial intelligence across portfolio companies owned by buyout groups, according to a report by the Financial Times.
The report cites unnamed people familiar with the plans, as revealing that the initiative, internally referred to as “DeployCo”, is expected to be valued at around $10bn as part of a funding round targeted for completion...

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