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OpenAI Finalizes $10B Joint Venture with PE Firms to Deploy AI
- mhitza 5mo agoI went to another source that didn't paywall me "OpenAI launches $10B AI venture backed by TPG, Bain, SoftBank - Bloomberg" https://www.msn.com/en-us/money/general/openai-launches-10b-ai-venture-backed-by-tpg-bain-softbank-bloomberg/ar-AA22miSj https://www.msn.com/en-us/money/general/openai-launches-10b-... "The Deployment Company", what a cheeky name. Sounds similar to what Mistral has been doing, apparently shifting some focus to integration contract work. Scary thing that they aim healthcare and financial services, where you would want AI involvement the least. I'm sure the contracts in those services are "big bucks" at the expense of any eventual end-user. Softbank doubling down yet again to do something with OpenAI, can't ever be not funny.
- cyanydeez 5mo ago"The Bag Holding Company" is queued up for altmans escape from overpromising and underdelivering VC investment land.