TNB Tech Minute: Anthropic Teams Up with Wall Street Firms for $1.5 Billion Joint Venture

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Imani Moise· Host0:15

[upbeat music] Here's your morning TNB Tech Minute for Monday, May fourth. I'm Imani Moisse for The Wall Street Journal. We exclusively report that Anthropic is finalizing a one point five billion dollar joint venture with several major US Wall Street firms. People familiar with the matter say Anthropic, Blackstone, and Hellman & Freeman each plan to invest about three hundred million dollars, while Goldman Sachs is set to contribute one hundred and fifty million dollars. General Atlantic, Leonard Green, Apollo Global Management, GIC, and Sequoia Capital are also involved. The joint venture is expected to act as a consulting arm for Anthropic to help businesses integrate AI across their operations. Both Anthropic and OpenAI have been targeting private equity-backed companies as prime customers ahead of potential IPOs later this year. News Corp, the owner of The Wall Street Journal, has a content licensing partnership with OpenAI. Chip startup Cerebras Systems is launching an initial public offering of twenty-eight million shares, priced from one hundred and fifteen dollars to one hundred and twenty-five dollars a share. The IPO would raise three and a half billion dollars at the upper end of the pricing range. Cerebras filed paperwork last month to go public after canceling plans for an IPO last