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.

Anthropic is in talks to raise funding that would value it at between $900bn and $950bn, according to reports.

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.…