OpenAI and Anthropic form multi-billion dollar joint ventures
For the distribution of AI tools to companies, OpenAI and Anthropic are joining forces with financially strong private equity firms and raising a lot of money.
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OpenAI and Anthropic are teaming up with Wall Street's financial capital to drive the adoption of their AI tools, into whose development they have invested billions of US dollars and with which they are still not making any profits.
According to a report by the news agency Bloomberg, ChatGPT developer OpenAI has raised more than four billion US dollars from investors such as TPG, Brookfield Asset Management, Advent, and Bain Capital for a company that is intended to help companies use its AI software. OpenAI's new company is called “The Deployment Company,” writes Bloomberg, citing a source familiar with the project who wished to remain anonymous as the information is not yet public. The new company was valued at ten billion US dollars in a funding round. As Bloomberg further writes, OpenAI will hold the majority of the shares in the company and control it.
Anthropic announces $1.5 billion joint venture
Anthropic, in turn, is also forming a joint venture with Blackstone, Goldman Sachs, and other firms for the distribution of AI tools to companies. The US business newspaper Wall Street Journal reported. The joint venture is intended to support companies in integrating Anthropic's AI flagship Claude into their business processes, including companies owned by the participating investors. According to insiders, the main investors are Anthropic, Blackstone, and Hellman & Friedman. They will each invest around 300 million US dollars. Goldman Sachs is participating with 150 million US dollars. A total of around 1.5 billion US dollars is to be raised.
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According to Bloomberg, both OpenAI and Anthropic are experiencing particularly high demand for their AI-powered coding tools, which are mainly used by software developers. To increase their revenues, both companies are increasingly focusing on distributing AI tools to companies in other sectors, such as financial services and healthcare. OpenAI's new joint venture partners alone reportedly have access to more than 2,000 portfolio companies and customers. According to a person familiar with the company, these relationships are to be used to drive the adoption of AI in more companies.
(akn)
