Anthropic and OpenAI each launch multi-billion-dollar enterprise AI joint ventures with Wall Street

Anthropic and OpenAI announced separate enterprise AI joint ventures on the same day, each partnering with major asset managers to deploy AI across portfolio companies. Anthropic's JV, valued at $1.5B, is backed by Blackstone, Hellman & Friedman, and Goldman Sachs, with $300M commitments each from Anthropic, Blackstone, and Hellman & Friedman. OpenAI is raising $4B from 19 investors including TPG, Brookfield, Advent, and Bain Capital for The Development Company, valued at $10B, with a 17.5% guaranteed annual return over five years and a mandate to embed forward-deployed engineers inside client organizations targeting healthcare, logistics, manufacturing, and financial services.