Key Takeaways
- • Blackstone Inc. and KKR & Co. are in talks with Alphabet Inc. to give their portfolio companies access to Google's artificial intelligence models, according to people familiar with the matter.
- • The discussions come as OpenAI and Anthropic PBC are each partnering with alternative asset managers to form AI consultancies.
- • The arrangements aim to turn private equity-backed firms into a new revenue source for AI model providers.
Summary
Blackstone Inc. and KKR & Co. are in talks with Alphabet Inc. to give the companies they own access to Google's artificial intelligence models, according to people familiar with the matter, Bloomberg reported on May 5, 2026. The sources did not specify deal terms, and the talks had not been finalized at the time of reporting.
The discussions reflect a broader trend in which AI developers are seeking distribution through private equity portfolios. According to Bloomberg, OpenAI and Anthropic PBC are each partnering with alternative asset managers to form AI consultancies. These vehicles are designed to turn private equity-backed firms into a new revenue source for AI companies, positioning portfolio businesses as customers for enterprise AI deployment.
For institutional investors, the developments point to a potential channel for operational improvement across large private equity portfolios, as managers look to integrate generative AI tools into portfolio companies. The reporting does not quantify the expected value creation or the financial terms of any prospective agreement.
The discussions reflect a broader trend in which AI developers are seeking distribution through private equity portfolios. According to Bloomberg, OpenAI and Anthropic PBC are each partnering with alternative asset managers to form AI consultancies. These vehicles are designed to turn private equity-backed firms into a new revenue source for AI companies, positioning portfolio businesses as customers for enterprise AI deployment.
For institutional investors, the developments point to a potential channel for operational improvement across large private equity portfolios, as managers look to integrate generative AI tools into portfolio companies. The reporting does not quantify the expected value creation or the financial terms of any prospective agreement.
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