Technology

⚡OpenAI To Invest USD 1.5 Billion in Enterprise AI Joint Venture

By Team Latestly

OpenAI is launching a USD 10 billion joint venture called DeployCo, committing an initial USD 500 million with an option for USD 1 billion more. Backed by private equity giants like TPG and Bain Capital, the venture aims to fast-track OpenAI's tools into the enterprise sector. OpenAI will hold super-voting shares while guaranteeing investors a 17.5% annual return.

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