Anthropic and OpenAI are both launching joint ventures for enterprise AI services

Key Points:

• Anthropic announced a joint venture with Blackstone, Hellman & Friedman, and Goldman Sachs to deploy enterprise AI services, backed by major investors including Apollo Global Management and Sequoia Capital, with a valuation of $1.5 billion.
• Each of Anthropic, Blackstone, and Hellman & Friedman committed $300 million to the new venture, aiming to leverage alternative asset managers to create new channels for enterprise AI deals.
• OpenAI revealed plans for a similar venture called The Development Company, targeting a $10 billion valuation with $4 billion raised from 19 investors, signaling competitive moves in enterprise AI deployment.
• Both ventures intend to provide preferred sales access to their investors’ portfolio companies and increase engineering resources through a forward-deployed engineer model, focusing on customized AI tools integrated into existing workflows.
• Anthropic emphasized collaborations involving engineering teams working closely with industry professionals to tailor AI solutions for mid-sized companies across various sectors.