Anthropic is reportedly close to sealing a joint venture with several top Wall Street firms, including Blackstone (NYSE:BX) and Goldman Sachs (NYSE:GS).

The joint venture aims to market artificial intelligence (AI) tools to private equity-backed companies. Anthropic, Blackstone, and Hellman & Friedman are expected to be the main investors, each contributing approximately $300 million, the Wall Street Journal reported on Sunday.

Goldman Sachs is also expected to be a founding investor, with a contribution of around $150 million, as per the report. Other firms, including General Atlantic, are part of the deal, bringing the total expected investment to about $1.5 billion.

The investors aim to establish a company that will act as a consulting arm for Anthropic. This new entity will help businesses, including the private-equity firms’ portfolio companies, integrate AI into their operations, WSJ reported.

Anthropic, Hellman & Friedman, Blackstone, General Atlantic and Goldman Sachs ...