OpenAI finalizes $10 billion AI deployment joint venture
Updated
Updated · Bloomberg · May 4
OpenAI finalizes $10 billion AI deployment joint venture
1 articles · Updated · Bloomberg · May 4
The Deployment Company has raised more than $4 billion so far from 19 investors, including TPG, Brookfield Asset Management, Advent and Bain Capital.
The venture is designed to help businesses adopt OpenAI's artificial intelligence software, expanding the company's push to turn its technology into wider commercial use.
The fundraising details were described by a person familiar with the matter, speaking anonymously because the information has not been made public.
Will OpenAI's new deployment company make its consulting partners like BCG and McKinsey its biggest competitors?
Is OpenAI's $10B bet on human engineers an admission that its powerful AI can't integrate itself into the real business world?