Sam Altman’s OpenAI spends $4 billion to create new company, acquires AI consulting firm to …

OpenAI is making a multi-billion dollar bet to bring artificial intelligence (AI) in the heart of corporate operations. On Monday (May 11), the creator of ChatGPT announced that it is establishing a new entity called OpenAI Deployment Company, backed by an initial $4 billion investment. OpenAI is also acquiring Tomoro, a specialised AI consulting firm, to give the new unit immediate scale and expertise.

According to the announcement, OpenAI Deployment Company will embed specialised engineers directly into partner organisations. These experts will work side-by-side with corporate teams to identify exactly where “frontier AI” can have impact on productivity and innovation.