OpenAI courts private equity to join enterprise AI venture, sources say
- 2 hours ago
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OpenAI is in advanced talks with private equity firms including TPG, Advent International, Bain Capital and Brookfield Asset Management to form a joint venture that would distribute its enterprise products across the firms' portfolio companies and beyond, four people familiar with the matter said.
The proposed deal has a pre-money valuation of about $10 billion, two of the people said, and could give OpenAI a faster route into corporate adoption while providing the PE firms with a potential lifeline for companies in their portfolios that are exposed to AI disruption.
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