May. 4 at 6:01 PM
Anthropic has secured
$1.5B in backing for a new JV alongside a heavy-hitting consortium of Wall Street institutions -
$BX $GS and Hellman & Friedman are leading the initiative to deploy AI across their expansive global investment portfolios
The new consulting entity will receive an initial
$300M investment from each of the 3 lead firms. Investment bank Goldman Sachs & PE group General Atlantic will also commit
$150M apiece to the project
Its primary objective is to open new commercial markets for Anthropic’s suite of powerful Ai tech
These technologies include Claude Code, a software tool that has significantly impacted the business world throughout the current year. The tool’s rapid adoption has triggered a selloff in several listed software companies & raised concerns regarding the long-term viability of several enterprise software firms
Separately, OpenAI has raised more than
$4B for its own JV focused on corporate AI adoption. This rival entity, named The Deployment Company, has reportedly drawn backing from 19 investors including
$TPG $BAM $BCSF & Advent
The deal for The Deployment Company reportedly values the new venture at
$10B, excluding the newly raised capital. OpenAI will maintain a majority ownership stake & exercise control over the new organization
