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OpenAI plans to establish a joint venture company, The Deployment Company, to promote artificial intelligence deployment
Odaily Star Planet Daily News, According to insiders, OpenAI has raised more than $4 billion to set up a new joint venture that will focus on helping businesses adopt its artificial intelligence software. A person who requested anonymity said the new company, called “The Deployment Company,” has the backing of 19 investors, including TPG Inc., Brookfield Asset Management, Advent, and Bain Capital. The deal values the company at $10 billion, excluding payments already made. The source also said the joint venture will be owned and controlled by OpenAI. (Jin10)