OpenAI commits $1.5B to private equity AI venture to compete with Anthropic

OpenAI has pledged up to $1.5 billion to a private equity joint venture focused on enterprise AI, aiming to outpace competitor Anthropic in selling AI tools to businesses. The venture is valued at $10 billion, with OpenAI initially investing $500 million and potentially adding $1 billion more. Other investors like TPG and Bain Capital will contribute $4 billion, expecting a 17.5% annual return. This move highlights OpenAI's strategy to lead AI deployment in business operations amid growing competition from Anthropic, which is also expanding its AI offerings for enterprises.