Tags: joint venture

Anthropic announced Monday that it is forming a $1.5 billion joint venture with Blackstone, Hellman & Friedman and Goldman Sachs to market its AI tools to corporate clients. Hours later, OpenAI disclosed a parallel effort, the Development Company, backed by $4 billion from 19 investors and valued at $10 billion. Both initiatives aim to give alternative asset managers preferred access to AI contracts while providing the labs with capital to expand engineering teams and embed technology directly into customer workflows. Read more

SoftBank and OpenAI have launched a 50-50 joint venture called SB OAI Japan to localize and sell OpenAI's enterprise AI technologies to Japanese companies. The partnership’s first customer is SoftBank itself, which will deploy the new "Crystal intelligence" packaged solution across its businesses. SoftBank reports that all its employees are actively using AI and that it has created 2.5 million custom ChatGPT instances for internal use. The joint venture aims to combine OpenAI’s enterprise offerings with SoftBank’s local implementation and support, helping Japanese firms boost productivity and management efficiency. Read more