New Delhi, April 22 -- OpenAI is in discussions to commit up to $1.5 billion to a new joint venture with private equity firms aimed at accelerating the adoption of artificial intelligence tools across enterprises, the Reuters reported.
The proposed venture, internally referred to as "DeployCo", is expected to be valued at around $10 billion. OpenAI is likely to initially invest about $500 million in equity, with the deal potentially closing as early as May, the report said.
The joint venture is designed to deploy OpenAI's technology across companies owned or managed by private equity firms, creating a scaled distribution channel for its enterprise offerings. Investors including TPG, Bain Capital, Advent International, Brookfield, and Go...
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