AdvertisementBusinessOpenAI logo is seen in this illustration taken, March 11, 2024. REUTERS/Dado Ruvic/Illustration22 Apr 2026 12:13PM Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST April 22 : Artificial intelligence firm OpenAI is set to commit up to $1.5 billion to a new joint venture with private equity firms, the Financial Times reported on Wednesday, citing people with knowledge of the matter.Reuters could not immediately verify the report.OpenAI will commit an initial $500 million of its equity into the joint venture - internally named 'DeployCo'- which will be valued at $10 billion as part of a funding round expected to close in early May, FT added.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST