product · May 18, 2026
Chamath Palihapitiya Highlights OpenAI's $4 Billion Consulting Venture
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Chamath Palihapitiya posted on May 17, 2026, about OpenAI raising $4 billion from 19 investors including TPG, Brookfield, Bain, and McKinsey to launch a consulting company. The venture guarantees investors a 17.5% annual return on the committed capital, equating to roughly $700 million per year, despite OpenAI projecting $14 billion in losses for 2026. OpenAI lost half of its enterprise LLM API market share from 50% to 25% between late 2023 and mid-2025, with Anthropic now at 32%. Anthropic matched with a competing $1.5 billion consulting venture backed by Blackstone, Goldman Sachs, and Hellman & Friedman. The combined spend by the two labs on human-powered enterprise deployment reached $5.5 billion in a single month.