OpenAI has raised more than $4 billion for a new joint venture, The Deployment Company, aimed at accelerating enterprise adoption of its AI software, with a valuation of about $10 billion excluding the new capital; the venture will be majority-owned by OpenAI and backed by investors including TPG, Brookfield Asset Management, Advent International, Bain Capital, Dragoneer Investment Group and SoftBank Group, leveraging access to more than 2,000 portfolio companies to expand AI deployment as compe

OpenAI has raised more than $4 billion for a new joint venture, The Deployment Company, aimed at accelerating enterprise adoption of its AI software, with a valuation of about $10 billion excluding the new capital; the venture will be majority-owned by OpenAI and backed by investors including TPG, Brookfield Asset Management, Advent International, Bain Capital, Dragoneer Investment Group and SoftBank Group, leveraging access to more than 2,000 portfolio companies to expand AI deployment as competition with Anthropic intensifies.