OpenAI in talks with PE firms to form joint venture, Reuters reports

OpenAI is in advanced discussions with private equity firms including TPG (TPG), Advent International, Bain Capital, and Brookfield Asset Management (BAM) to form a joint venture aimed at distributing its enterprise AI products across their portfolio companies and beyond, Reuters’ Milana Vinn and Echo Wang report. The proposed deal, which carries an estimated $10B pre-money valuation, could accelerate corporate adoption of OpenAI’s tools while helping PE-backed companies navigate AI-driven disruption. Under the proposed arrangement, the private equity investors would commit about $4B and receive equity stakes in the venture, along with influence over how OpenAI’s technology is deployed across their portfolio companies, according to people familiar with the matter.