Private Equity’s AI Deals Lighten the Mood at Milken

News this week about private equity firms’ new joint ventures with OpenAI and Anthropic came at the right time for PE giants: just as they were about to sit down with their investors for days of meetings at the annual Milken Institute conference. The AI partnerships put the slew of PE firms involved - in Anthropic’s case, Blackstone, Hellman & Friedman and Apollo, and, in OpenAI’s case, TPG, Bain Capital and Advent, to name a handful - closer to the center of the hyper-bullish AI action.