Anthropic and OpenAI are both launching joint ventures for enterprise AI services
Anthropic's $1.5B joint venture and OpenAI's $4B 'Development Company' target corporate AI adoption.
On Monday, Anthropic revealed a joint venture valued at $1.5 billion, with founding partners Blackstone, Hellman & Friedman, and Goldman Sachs. Additional investors include Apollo Global Management, General Atlantic, GIC, Leonard Green, and Sequoia Capital. Each of Anthropic, Blackstone, and Hellman & Friedman committed $300 million. The venture will deploy forward-deployed engineers (FDEs) to build custom AI tools for portfolio companies, starting with clinicians and IT staff to integrate into existing workflows.
Just hours earlier, Bloomberg reported that OpenAI is raising $4 billion from 19 investors for a similar venture called The Development Company, valued at $10 billion. Investors include TPG, Brookfield Asset Management, Advent, and Bain Capital. Both ventures aim to create dedicated sales channels and capture value from enterprise AI contracts. The announcements come as both labs fundraise aggressively—OpenAI secured $122 billion in March at an $852B valuation, while Anthropic seeks $50 billion at a $900B valuation. This dual move signals a strategic shift from pure model licensing to hands-on enterprise deployment.
- Anthropic's $1.5B joint venture includes $300M each from Anthropic, Blackstone, and Hellman & Friedman; Goldman Sachs is a founding partner.
- OpenAI's The Development Company targets $4B from 19 investors at a $10B valuation, with TPG, Brookfield, Advent, and Bain Capital named.
- Both adopt Palantir's forward-deployed engineer model, embedding teams to customize AI for portfolio company workflows.
Why It Matters
Enterprise AI is moving from API access to custom deployment partnerships, unlocking new revenue streams for AI labs.