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Anthropic and OpenAI are both launching joint ventures for enterprise AI services

TL;DR AI

Key summary

2 min read
  1. Anthropic announced a new enterprise AI joint venture backed by Blackstone, Hellman & Friedman, Goldman Sachs, and other investors.

  2. OpenAI is also reportedly raising funds for a similar venture, The Development Company, aimed at selling AI services to mid-sized and enterprise customers.

  3. Anthropic’s venture is valued at $1.5 billion, while OpenAI’s planned venture is targeting $4 billion at a $10 billion valuation.

  4. Both moves show leading AI labs using investor-backed channels to speed enterprise adoption and widen distribution through investors’ portfolio companies.

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