OpenAI is in advanced talks with TPG, Bain Capital, and others to establish a joint venture to distribute its artificial intelligence products.

CoinFeed reported on March 16 that, according to sources, OpenAI is in advanced talks with TPG, Bain Capital, Advent, and Brookfield to form a joint venture to distribute its artificial intelligence products. Sources also indicated that the private equity firm may commit to investing $4 billion in equity in the $10 billion joint venture. Sources revealed that OpenAI intends to offer preferred stock in the joint venture, while Anthropic has proposed offering common stock.