OpenAI courts private equity to join enterprise AI venture, sources say
The Hindu
OpenAI is in advanced talks with private equity firms including TPG, Advent International, Bain Capital and Brookfield Asset Management to form a joint venture
OpenAI is in advanced talks with private equity firms including TPG, Advent International, Bain Capital and Brookfield Asset Management to form a joint venture that would distribute its enterprise products across the firms’ portfolio companies and beyond, four people familiar with the matter said.
The proposed deal has a pre-money valuation of about $10 billion, two of the people said, and could give OpenAI a faster route into corporate adoption while providing the PE firms with a potential lifeline for companies in their portfolios that are exposed to AI disruption.
Both OpenAI and Anthropic are aggressively courting private equity firms because they control enterprise companies and influence how businesses budget for software and AI, three of the people said — a race growing more urgent as both companies vie to go public as soon as this year.
OpenAI declined to comment on the joint venture plans. Advent, TPG and Brookfield declined to comment. Bain did not respond to requests for comment.
Under the proposed arrangement, the private equity investors would commit about $4 billion and receive equity stakes in the venture, along with influence over how OpenAI’s technology is deployed across their portfolio companies, two of the people said.
TPG would serve as the anchor investor, committing the most capital, while Advent, Bain, and Brookfield would participate as co-founding investors. All four firms would secure board seats in the joint venture, according to people familiar with the matter, cautioning that no final decision has been taken and the plans are subject to change.
India's merchandise exports remain flat in February, with Commerce Secretary warning of a potential dip in March due to trade constraints.
Hard Rock International closes 10 outlets in India, including three cafes in Bengaluru, while Goa hotel remains open.
The booming market for artificial intelligence servers brought Taiwan's Foxconn a 24 percent jump in annual net profit, the company said
In a statement on its website, Adobe said it has in recent years streamlined its sign-up and cancellation processes and made them more transparent.
Stock markets recover as Sensex and Nifty bounce back following a three-day slump, driven by value-buying in blue-chip stocks.
U.S. President Donald Trump’s administration is set to receive a roughly $10 billion fee from investors in the recently completed deal to take control of TikTok’s U.S. business, the Wall Street Journal reported
Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters
Learn how to choose the best personal loan lender by evaluating eligibility, interest rates, and borrowing experience.
Discover why pension planning is essential in modern India to ensure financial security and peace during retirement.
The U.S. has launched two investigations under Section 301 of the Trade Act of 1974 against India and other economies to examine practices that may be ‘unreasonable or discriminatory and burden or restrict U.S. commerce’. One probe examines whether countries, including India, are using excess manufacturing capacity to export to the U.S. in a manner that hurts American businesses, while another looks at whether countries have taken ‘sufficient steps’ to prohibit imports of goods produced with forced labour.
NHAI raises annual pass fee to ₹3,075 from April 1, 2026, streamlining toll payments for FASTag users.
The U.S. probes forced labour in global supply chains, scrutinizing China and India's exports, warns the Global Trade Research Initiative.
The Hindu collection of images of the LPG crisis: War lights a kitchen fire