OpenAI is reportedly set to commit up to $1.5 billion to a new $10 billion joint venture with private equity firms to scale enterprise AI.

OpenAI is sweetening its joint venture pitch to PE firms including TPG and Bain Capital with a 17.5% guaranteed minimum return, early model access, and a $4B capital commitment target.

Anthropic is reportedly in advanced discussions with private equity giants Blackstone and Hellman & Friedman to establish a new AI joint venture, as the company simultaneously battles its Pentagon supply-chain designation in court.