Anthropic Plans $1.5 Bn AI Joint Venture With Wall Street Firms, WSJ Reports - BW CFO World

Venture aims to deploy AI tools across private equity portfolios, embedding automation into data, due diligence and analytics workflows

Anthropic is nearing a USD 1.5 billion artificial intelligence joint venture with a cluster of Wall Street firms, including Blackstone, Goldman Sachs and several other financial institutions, according to a Wall Street Journal report. The structure is being framed as a way to distribute AI tools, built on Anthropic's models, across portfolios of private equity-owned companies.

The joint venture is expected to be led by Anthropic together with Blackstone and Hellman & Friedman, with each of these three firms reportedly planning to put in about USD 300 million.

Goldman Sachs is set to be a founding investor with a commitment of roughly $150 million, while other Wall Street players are expected to round out the remaining capital. The deal is still being finalised and has not yet been formally confirmed by all parties.

The venture's stated purpose is to develop and sell AI-powered software tools to companies backed by private equity and asset management groups, helping them automate tasks such as data processing, due diligence workflows and portfolio-level analytics.

By tying Anthropic's models into the stack of firms that already own large, data-rich portfolios, the arrangement effectively embeds generative AI into the operating model of Wall Street-backed enterprises rather than leaving it as a standalone product.

The move comes amid a broader trend of artificial intelligence firms locking in long-term partnerships with large financial institutions and tech giants, even as the industry faces regulatory and legal scrutiny over data usage and intellectual property questions.

Whether the venture changes how AI tools are priced, audited and governed inside financial sector portfolios will depend on how the partnership's terms are translated into contracts and compliance frameworks.