On March 16, 2026, it was reported that OpenAI is engaged in in-depth discussions with private equity firms such as TPG, Bain Capital, Advent, and Brookfield to establish a joint venture for distributing artificial intelligence products. The pre-investment valuation of this joint venture is approximately $10 billion, with private equity firms potentially committing $4 billion to subscribe for equity. Among them, OpenAI will offer preferred shares, while Anthropic has proposed offering common shares.
