Sources: OpenAI has pledged up to $1.5B to a new JV with PE firms, starting with $500M in equity; the JV will be valued at $10B in a May funding round (Financial Times)

Techmeme ·

OpenAI commits up to $1.5B (starting with $500M equity) into a new joint venture with private equity firms, valuing the entity at $10B in a May funding round.

Categories: Money & Moves

Excerpt

<a href="https://www.ft.com/content/87727c4e-05c4-4d84-a9de-4190a9d681a6"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260422/i4.jpg" vspace="4" /></a> <p><a href="http://www.techmeme.com/260422/p4#a260422p4" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="https://www.ft.com/">Financial Times</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.ft.com/content/87727c4e-05c4-4d84-a9de-4190a9d681a6">Sources: OpenAI has pledged up to $1.5B to a new JV with PE firms, starting with $500M in equity; the JV will be valued at $10B in a May funding round</a></b></span>&nbsp; &mdash;&nbsp; Start-up backing new company intended to help deploy AI within businesses owned by PE firms&nbsp; &mdash;&nbsp; OpenAI has pledged up to $1.5bn &hellip; </p>

Read at source: http://www.techmeme.com/260422/p4#a260422p4