Anthropic and OpenAI are both launching an AI business partnership

Monday, Anthropic he announced a partnership that focuses on delivering business AI services. Blackstone, Hellman & Friedman, and Goldman Sachs will be partners in the new project, which is supported by a group of VCs, hedge funds, and private companies, including Apollo Global Management, General Atlantic, GIC, Leonard Green, and Sequoia Capital.

The Wall Street Journal, which first reported the deal, He said the new project was worth $1.5 billionwhich includes commitments of $300 million each from Anthropic, Blackstone, and Hellman & Friedman.

The announcement comes as archenemy Anthropic plans to do the same. Just hours before Anthropic’s announcement, Bloomberg said that OpenAI is getting funding for a new project called The Development Company, following a similar process. The OpenAI project will work on a larger scale, raising $ 4 billion from 19 investors against a cost of $ 10 billion. Listed investors include TPG, Brookfield Asset Management, Advent and Bain Capital, with no financial tie-up between the OpenAI venture and competitor Anthropic.

The overall philosophy of the two businesses is similar, raising funds from other asset managers to develop new AI business models. The businesses will get the opportunity to sell to the companies that keep their money, while the investors will get a huge profit on each contract.

The new headquarters will also allow for more technical resources to be outsourced to each individual, embracing the forward-deployed engineering (FDE) model known by Palantir.

As Anthropic said in its announcement: “The partnership could begin with the company’s engineering team sitting down with clinicians and IT staff to create tools that fit the way employees already use…

These new ventures come as AI labs all raise money quickly, and circle potential IPOs. OpenAI announces $122 billion in new funding at the end of Marchagainst a cost of $852 billion. TechCrunch reported last week that Anthropic is in the final stages of its financing, seeking $50 billion against a $900 billion valuation.