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OpenAI Raises $4 Billion for Deployment Joint Venture, Valued at $10 Billion

GateNews
AI Industry News
According to BlockBeats, on May 4, OpenAI raised over $4 billion to establish a new joint venture focused on helping enterprises adopt its artificial intelligence software. The venture, called The Deployment Company, is backed by 19 investors including TPG Inc., Brookfield Asset Management, Advent, and Bain Capital. The deal values the joint venture at $10 billion, excluding amounts already paid. The venture will be controlled and owned by OpenAI.
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