OpenAI Courts Private Equity For $10 Billion Enterprise AI Venture

OpenAI is in advanced talks with private equity firms TPG, Advent International, Bain Capital, and Brookfield Asset Management to create a joint venture that would distribute its enterprise AI tools across their portfolio companies and beyond. The proposed venture carries a pre‑money valuation of around 10 billion dollars, with the private equity investors expected to commit roughly 4 billion dollars in capital in exchange for equity stakes and board representation.

The deal is intended to give OpenAI a faster route into corporate budgets by embedding its products directly into hundreds of companies controlled by the participating private equity groups. For the investors, early access to enterprise AI tools is framed as a way to help portfolio companies adapt to rapid shifts in software economics and automation risk.

OpenAI’s annualised revenue from enterprise AI has already reached around 10 billion dollars, and their rival Anthropic is pursuing similar conversations with private equity firms, highlighting a broader race to lock up distribution channels for AI services. If finalised, the joint venture would mark another step in AI firms moving from model releases to more complex financial and commercial structures around deployment.