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00:02OpenAI is in advanced talks with private equity firms, including TPG, Advent International,
00:08Bain Capital, and Brookfield Asset Management, to form a joint venture to distribute its
00:13enterprise products, according to Reuters. The proposed deal carries a pre-money valuation
00:17of about $10 billion and would involve about $4 billion in commitments from investors,
00:23who would receive equity stakes and board seats. TPG would serve as the anchor investor.
00:28The firms would gain early access to OpenAI tools. Anthropic is pursuing a similar structure
00:33with other firms. OpenAI is offering preferred equity, while Anthropic is offering common equity.
00:39OpenAI's enterprise business generated $10 billion of $25 billion in annualized revenue.
00:45For all things money, visit Benzinga.com.
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