Paul

WSJ: Anthropic is wrapping up a deal to set up a joint venture with Blackstone, Goldman Sachs, and other Wall Street firms, with the goal of selling AI tools to private-equity backed companies, according to people familiar with the matter. Anthropic, Blackstone, and Hellman & Friedman are expected to put in about $ 300M each, while Goldman Sachs is expected to invest about $ 150M. The new company would work like an AI deployment arm, meaning it would not just sell Claude access, but help companies rebuild workflows around LLMs, from customer support and finance to coding, legal review, and internal research. Private-equity firms are the target because they own many companies, measure every cost tightly, and can force software changes faster than slow public companies. Anthropic gets distribution, Wall Street gets a stake in the AI services layer, and portfolio companies become a large testing ground for enterprise AI. The deeper move is that AI labs are no longer only competing on model quality, but on who controls the path from model to business process. --- wsj .com/business/deals/anthropic-nears-1-5-billion-joint-venture-with-wall-street-firms-8f5448ee

Gary doesn't even understand the basics of taxation, like income tax vs inheritance tax or corporate tax vs consumption tax.