Anthropic and OpenAI launch rival enterprise AI ventures
So, on Monday, Anthropic announced a new partnership aimed at launching enterprise AI services, teaming up with Blackstone, Hellman & Friedman, and Goldman Sachs. This venture is worth $1.5 billion and has already attracted $300 million in commitments from Anthropic, Blackstone, and Hellman & Friedman, with additional support from firms like Apollo Global Management and Sequoia Capital. Meanwhile, Bloomberg reported that OpenAI is seeking $4 billion for its own project, The Development Company, which has a $10 billion valuation and 19 investors, including TPG and Bain Capital. Both initiatives are designed to create new funding paths for enterprise AI while supporting engineers. Anthropic is also looking to work with engineers and healthcare professionals to craft tools for mid-sized companies.
Key facts
- Anthropic announced a joint venture for enterprise AI services on Monday.
- Founding partners include Blackstone, Hellman & Friedman, and Goldman Sachs.
- Backers include Apollo Global Management, General Atlantic, GIC, Leonard Green, and Sequoia Capital.
- The venture is valued at $1.5 billion, with $300 million each from Anthropic, Blackstone, and Hellman & Friedman.
- OpenAI is raising funds for a venture called The Development Company, targeting $4 billion at a $10 billion valuation.
- OpenAI's investors include TPG, Brookfield Asset Management, Advent, and Bain Capital.
- Both ventures aim to create enterprise AI deal channels via alternative asset managers.
- Anthropic is seeking $50 billion at a $900 billion valuation; OpenAI raised $122 billion at $852 billion valuation.
Entities
Institutions
- Anthropic
- OpenAI
- Blackstone
- Hellman & Friedman
- Goldman Sachs
- Apollo Global Management
- General Atlantic
- GIC
- Leonard Green
- Sequoia Capital
- The Wall Street Journal
- Bloomberg
- The Development Company
- TPG
- Brookfield Asset Management
- Advent
- Bain Capital
- Palantir
- TechCrunch
- Apollo
Sources
- TechCrunch AI —
- Quartz —