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Anthropic is finalising a joint venture worth approximately $1.5 billion with Blackstone, Goldman Sachs, and a handful of other Wall Street firms to sell artificial intelligence tools to private-equity-backed companies, the Wall Street Journal recently reported, citing people familiar with the matter.

Anthropic, Blackstone, and Hellman & Friedman are anchoring the deal, each expected to invest roughly $300 million, the report said. Goldman Sachs is also set to be a founding investor, putting in around $150 million. An announcement could come within this week, the cited sources shared. The venture aims to market AI capabilities to companies owned by private equity firms, though further details on the structure were not disclosed.