OpenAI in Advanced Talks for $10B Private Equity Joint Venture with TPG, Bain, Advent, and Brookfield

Bloomberg·high signal

Bloomberg confirmed OpenAI is in advanced discussions to form a joint venture with TPG (anchor), Bain Capital, Advent, and Brookfield targeting a $10B pre-money valuation. PE firms would commit ~$4B for preferred equity stakes plus board seats, gaining early access to OpenAI enterprise tools and a distribution vehicle for deploying OpenAI AI across their portfolio companies. No final decision has been made.