Anthropic is widely regarded as a leading provider of enterprise AI tools, though competition with OpenAI remains intense. Anthropic is close to finalising a joint venture with Blackstone, Goldman Sachs and other Wall Street firms to develop artificial intelligence tools for private equity-backed companies, people familiar with the matter told The Wall Street Journal. The deal is expected to total about $1.5 billion, with an announcement anticipated as early as Monday.
Blackstone and Hellman & Friedman are expected to invest about $300 million each, while Goldman Sachs is set to contribute around $150 million as a founding investor. General Atlantic and other firms are also involved. Anthropic is planning its own investment in the venture, the people said.
Structure and scopeAccording to WSJ, the proposed entity would operate as a consulting-focused company, helping portfolio companies adopt AI tools across their operations. It is intended to support private equity firms in deploying AI to improve efficiency and reduce costs.OpenAI has also held discussions to establish a competing joint venture with private equity firms, highlighting growing interest among financial sponsors in applying AI across their holdings.
Anthropic is widely regarded as a leading provider of enterprise AI tools, though competition with OpenAI remains intense. Both companies are targeting business adoption as a key growth area.
Anthropic is also considering a public listing that could take place as soon as this year. The company’s revenue has risen sharply in recent months, driven in part by demand for its coding product, Claude Code.
Separately, News Corp, the owner of The Wall Street Journal, has a content licensing partnership with OpenAI.
Published On May 4, 2026 at 12:42 PM IST
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