OpenAI plans to invest up to $1.5 billion in private equity joint venture company EmployCo According to a report by Golden Finance on April 23rd, OpenAI is forming a joint venture company, Deploy Co, with multiple private equity firms registered in Delaware. OpenAI holds a majority stake and super voting rights. OpenAI will first inject $500 million in equity and has the right to add $1 billion in the future; TPG、 Bain Capital Advent International、 Brookfield and Goanna Capital have injected an additional $4 billion. Deploy Co is expected to complete financing in early May, with a valuation of $10 billion. Deploy Co is currently managed by Brad Lightcap, former COO of OpenAI, and has started recruiting its own employees. OpenAI has also sent people on secondment. Lightcap previously led the recruitment of dozens of "forward deployed engineers" who were embedded within client companies to help implement technology. This model was first pioneered by Palantir. The business model of Deploy Co is to charge invested companies under PE institutions to help them embed AI into their business processes. PE investors are locked in for 5 years, and OpenAI guarantees an annual return rate of at least 17.5%. Insiders say that 'this is the bottom line, and actual expectations are far higher than this'. The OpenAI equity held by Deploy Co can also be used to acquire technology and intellectual property in the future. OpenAI executives describe the current situation as a 'capability overhang' of AI: model capabilities far exceed actual usage levels. Chief Revenue Officer Denise Dresser stated in an internal sales email this month that the biggest bottleneck for companies using AI is not technology, but whether it can be deployed. OpenAI is also collaborating with McKinsey and Accenture to promote enterprise adoption. Anthropic is also negotiating a similar joint venture plan with Blackstone and Hellman&Friedman, planning to establish an AI deployment consulting company.