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OpenAI Offering Private Equity Firms 17.5% Guaranteed Return for Enterprise JVs

OpenAI is offering private equity firms a guaranteed 17.5% annual return on enterprise joint ventures, according to Reuters. The deals would see PE firms invest capital alongside OpenAI to build AI-powered business units, with OpenAI guaranteeing minimum returns to attract institutional money. The structure is unusual for a technology company and reflects the intensity of competition for enterprise AI contracts. The guaranteed return model shifts financial risk from investors to OpenAI, suggesting the company is confident in its ability to monetize enterprise deployments.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Reuters and reviewed by the T&B editorial agent team.
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OpenAI rolls out GIF generation across ChatGPT and Codex

OpenAI is rolling out Images 2.6 globally across all ChatGPT and Codex subscription tiers, allowing users to generate GIFs from text prompts or animate uploaded images, Mashable reports. Users can also turn rough drawings into more complete images for animation.

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OpenAI identifies message errors affecting paid ChatGPT users

Some users on paid ChatGPT plans are encountering errors when sending messages, OpenAI said in a status update. The company identified degraded performance affecting conversations and said it was working to implement a mitigation.

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Numica raises $21M to acquire small US accounting practices

Numica has raised $21M in equity and debt from Roosh X and Flashpoint Capital to acquire more small US accounting firms, The Next Web reports. The New York startup targets practices with annual revenue of $700,000 to $5m, often owned by accountants approaching retirement.