OPENAI IS OFFERING PRIVATE-EQUITY FIRMS A GUARANTEED MINIMUM RETURN OF 17.5%

Summary from the TLDR AI newsletter

OpenAI is currently courting buyout firms to form joint ventures aimed at raising fresh capital and accelerating the adoption of enterprise AI products. It is offering private-equity firms a guaranteed minimum return of 17.5%, significantly higher than typical preferred instruments. It is also offering early access to its newest AI models. TPG and Advent are potential investors.