OpenAI in advanced talks with major private equity firms for $10B joint venture: Report

OpenAI is planning to establish a joint venture with leading private equity firms to accelerate the distribution of its enterprise AI products.

According to Reuters, the company is engaging with TPG, Advent International, Bain Capital, and Brookfield to launch the venture, which is expected to be worth about $10 billion, with $4 billion in backing, equity stakes for the PE firms, and board seats, led by TPG.

The arrangement would deploy OpenAI’s enterprise solutions across the extensive portfolio networks of the participating firms.

Anthropic is following a similar path with Blackstone, Permira, and Hellman & Friedman for its Claude AI.

OpenAI offers senior-class equity that prioritizes investor returns, while Anthropic’s approach provides ordinary shares.

The negotiations underscore AI’s disruptive impact on private equity, with OpenAI earning $10 billion from enterprise clients and deploying Frontier Alliances to integrate AI into business operations with top consulting partners.