Artificial intelligence major OpenAI is set to commit up to $1.5 billion to a new joint venture with private equity firms, the Financial Times reported on Wednesday, citing people with knowledge of the matter.

OpenAI In Talks To Commit Up To $1.5 Billion To Private Equity Joint Venture

Artificial intelligence major OpenAI is set to commit up to $1.5 billion to a new joint venture with private equity firms, the Financial Times reported on Wednesday, citing people with knowledge of the matter.

Artificial intelligence (AI) major OpenAI is set to commit up to $1.5 billion to a new joint venture with private equity firms, the Financial Times reported on Wednesday, citing people with knowledge of the matter.

OpenAI will commit an initial $500 million of its equity into the joint venture - internally named 'DeployCo'- which will be valued at $10 billion as part of a funding round expected to close in early May, FT noted.

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