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Wall Street backs Anthropic with $1.5bn AI JV

Financial Times Companies •
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Anthropic has launched a $1.5 billion joint venture with a consortium of investors that includes Blackstone, Goldman Sachs and Hellman & Friedman. Each of the three lead partners will inject $300 million into a new consulting arm, while Goldman and General Atlantic will add $150 million each. The unnamed entity, slated for a Monday reveal, will commercialise Anthropic’s Claude Code AI tool across the investors’ portfolio holdings.

The venture gives Anthropic a direct channel to embed its AI suite into sectors ranging from infrastructure to professional services, where the backers own sizable stakes. By financing the JV, the firms aim to offset the start‑up’s heavy data‑centre spend and generate fresh revenue ahead of an IPO later this year. The deal mirrors a push by OpenAI’s rivals to lock in Wall Street capital.

With $1.5 billion committed, the consortium secures early access to Anthropic’s Claude Code, a tool that has already rattled software stocks this year. Investors hope the partnership will translate AI advantages into cost cuts and new revenue streams across their holdings, while providing Anthropic a steady cash flow to sustain its data‑centre expansion. The arrangement cements Wall Street’s bet on generative AI as a core growth engine.