OpenAI raises more than $4 billion for new joint venture to help businesses deploy OpenAI software

OpenAI and 19 investors—including TPG, Brookfield Asset Management, Advent, and Bain Capital—created a joint venture called "The Deployment Company." OpenAI is putting in $500 million upfront, with an option to add up to $1.5 billion.

The venture builds on OpenAI's Frontier enterprise platform and existing partnerships ("Frontier Alliances") with BCG, McKinsey, Accenture, and Capgemini to help businesses roll out OpenAI software.

According to the Financial Times, private equity investors are guaranteed an annual return of 17.5 percent, plus OpenAI holds super-voting shares—details Reuters could not independently confirm.