Anthropic and OpenAI Launch Rival $1.5B and $10B Enterprise AI Joint Ventures with Wall Street

Summary

Anthropic and OpenAI simultaneously announced competing joint ventures to accelerate enterprise AI deployment through Wall Street-backed financing structures, dropping on May 4 within hours of each other. Anthropic's venture — unnamed, valued at $1.5 billion — is backed by Blackstone, Hellman & Friedman, Goldman Sachs, Apollo Global Management, General Atlantic, GIC, and Sequoia Capital, with anchor commitments of $300 million each from Anthropic, Blackstone, and H&F, plus $150 million from Gold