Anthropic's $1.5B JV with Blackstone

Anthropic announced a 1.5 billion dollar joint venture with Blackstone, Goldman Sachs and Hellman and Friedman to embed Claude inside mid-size businesses. Initial sectors include healthcare, manufacturing, financial services and real estate. Blackstone and Hellman and Friedman each committed approximately 300 million dollars, Goldman Sachs committed approximately 150 million dollars, and General Atlantic, Leonard Green, Apollo, GIC and Sequoia also participated. OpenAI finalized a 10 billion dollar post-money joint venture called The Deployment Company in the same news cycle. The vehicle is anchored by TPG and Brookfield with 19 investors including Advent, Bain and Goanna and raised more than 4 billion dollars in private equity capital. OpenAI commits up to 1.5 billion dollars, retains super-voting control and offers backers a guaranteed 17.5 percent minimum return and payment seniority, according to The Next Web. Cerebras filed an amended registration statement for its initial public offering with a price range of 115 dollars to 125 dollars across 28 million shares. The offering targets a 3.5 billion dollar raise at a 26.6 billion dollar fully diluted valuation. Morgan Stanley, Citi, Barclays and UBS lead the book, with pricing set for May 13 and first trades on May 14 on the Nasdaq under CBRS.