tech
OpenAI Launches AI Consulting Arm Valued at $14 Billion
This comes days after Anthropic launched its own AI consulting and services business.
TL;DR
- OpenAI has launched a new consulting and services business named The OpenAI Deployment Co. (DeployCo).
- The business is backed by $4 billion in investment at a $10 billion pre-money valuation.
- Investors include consultancies Bain & Co., Capgemini, and McKinsey & Co., as well as private equity firms TPG, Advent International, Bain Capital, and Brookfield.
- DeployCo has acquired an engineering team called Tomoro.
- Investors are guaranteed a minimum 17.5% return with profits capped.