OpenAI and Anthropic launch joint ventures with financial firms to expand enterprise AI deployment

OpenAI is forming a $10 billion venture with investors including Brookfield and Bain Capital; Anthropic announced a $1.5 billion joint venture with Wall Street firms to serve as a consulting arm.

Both companies are targeting enterprise adoption in sectors like financial services and healthcare, as 20% of US businesses have adopted AI tools mostly to supplement a small number of employee work tasks.

The rival AI startups are competing to win over more enterprise customers through these partnership structures.