
Anthropic and OpenAI Both Launch Billion-Dollar Joint Ventures with Wall Street on the Same Day
In a remarkable coincidence of timing, both leading AI labs announced separate enterprise joint ventures within hours of each other. OpenAI's 'The Development Company' raised $4 billion from 19 investors at a $10 billion valuation, while Anthropic partnered with Blackstone, Goldman Sachs, and Hellman & Friedman on a $1.5 billion venture. Both aim to sell AI services directly into their investors' portfolio companies, effectively turning private equity firms into AI distribution channels.


