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Stock impact report

OpenAI's PE Pitch: Pay Us Now, Get Rich Later [Yahoo! Finance]

Brookfield Asset Management Inc Class A Limited Voting Shares (BAM) 
US:NYSE Investor Relations: bam.brookfield.com/en
Company Research Source: Yahoo! Finance
OpenAI is going after private equity. Similar to the "better" deal the ChatGPT-maker is offering the Pentagon, CEO Sam Altman is reportedly dangling a "guaranteed minimum return of 17.5%" to big private equity firms like TPG, Bain Capital, Advent International, and Brookfield Asset Management. OpenAI, like Anthropic, is pitching a joint venture aimed at "accelerating adoption,” of enterprise AI products, per Reuters. They are hoping to raise about $4 billion at a pre-money valuation of approximately $10 billion. WHAT HAPPENED The deal is structured via a joint venture. That means OpenAI is only offering the above terms if the firms roll out their AI tools within their hundreds portfolio companies, which could be a massive market opportunity. In other words, they're offering the picks and shovels now in exchange for money, with the idea of giving them gold later. TPG and Advent will also reportedly getting early access to OpenAI's newest models as a deal sweetener. But it's im Show less Read more
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