OpenAI in talks to commit up to $1.5 billion to private equity JV, FT reports
Yahoo Finance·2026-04-22 12:13
April 22 (Reuters) - Artificial intelligence firm OpenAI is set to commit up to $1.5 billion to a new joint venture with private equity firms, Financial Times reported on Wednesday, citing people familiar with the matter. The ChatGPT maker will initially invest $500 million of equity into the joint venture, known internally as DeployCo, which is expected to be valued at $10 billion in a funding round set to close in early May, the report said. DeployCo, a Delaware-listed LLC, is reportedly designe ...