Who will solve the AI productivity puzzle?

AI competition has moved past chips, data center capacity and frontier model performance (File/AFP)

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OpenAI and Anthropic last week both announced that they will launch private equity-backed consulting businesses to push their models into the workflows of mid-market companies. With backing from Blackstone, Hellman & Friedman and Goldman Sachs, Anthropic is reportedly raising $1.5 billion for the venture, whereas OpenAI has reportedly raised $4 billion from 19 investors — led by TPG, Brookfield and Bain — at a $10 billion valuation.