OpenAI and Anthropic launch competing enterprise AI joint ventures
anthropic and openai launched competing joint ventures to deploy enterprise ai services. anthropic partnered with blackstone and hellman & friedman in a $1.5 billion venture, while openai targets a $10 billion valuation for 'the development company'. both aim to secure sales channels via alternative asset managers.
Anthropic announced a joint venture with Blackstone, Hellman & Friedman, and Goldman Sachs to deploy enterprise AI services, valued at $1.5 billion. This move mirrors OpenAI's simultaneous launch of 'The Development Company,' a similar venture raising $4 billion from 19 investors including TPG and Brookfield at a $10 billion valuation. Both firms are leveraging partnerships with private equity to access portfolio companies and secure enterprise contracts, adopting a 'forward-deployed engineer' model similar to Palantir. The announcements coincide with massive fundraising rounds, targeting potential IPOs with OpenAI seeking an $852 billion valuation and Anthropic aiming for $900 billion.