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▶ 6:24 · $BX · Blackstone and PE firms use AI JVs to transform portfolio companies
episode briefing
The Information

Anthropic’s Enterprise AI Venture Buys Consultancy, The New Under-the-Radar Prediction Exchange

2026-08-21 · 17 company · 22 thematic
sentiment
13 bull0 bear4 neu
speakers
julia hornstein

Venture capital reporter at The Information who broke stories on Anthropic's joint venture Ode acquiring Casper Studios and Nvidia participating in Mercor's $20 billion funding round.

akash pasricha

Host of The Information's daily briefing show TITB, leads conversations with reporters and industry experts on tech and finance news.

yueqi yang

Reporter covering crypto, fintech, and prediction markets at The Information, with recent scoops on Robinhood's prediction market revenue and SEC crypto rulemaking.

dallas dolan

Technology, media, and telecommunications industry leader at PwC advising Fortune 500 companies on AI adoption, enterprise software strategy, and digital transformation.

quote
“One of the things you pointed out in your story, which I thought was a good point, is the private equity companies that are partnering with the labs on these initiatives. I mean, half of their intent is to get their own portfolio companies…”
—akash pasricha
now playing · $BX
$ANTHROPICbullish· mediumjulia hornstein
Anthropic's PE-backed JV Ode acquires AI consultancy Casper Studios
Anthropic's joint venture Ode with private equity firms is executing a services-led strategy to integrate Anthropic's AI into legacy enterprises, acquiring Casper Studios to accel…
$ODEbullish· mediumjulia hornstein
Anthropic's JV Ode acquires Casper Studios to accelerate enterprise AI projects
Ode, Anthropic's joint venture with PE firms, acquired Casper Studios to add quicker-turnaround AI solution capabilities (recruiting, financial reporting) to its holistic transfor…
$CASPER-STUDIOSneutral· mediumjulia hornstein
Casper Studios acquired by Anthropic-PE joint venture Ode
Four-year-old AI consultancy Casper Studios, with clients like Netflix and Pepsi, was acquired by Ode to provide faster, function-specific AI implementation capabilities.
$OPENAIbullish· mediumjulia hornstein
OpenAI's Deployment Co partners with TPG, Bain Capital, Advent for enterprise AI
OpenAI is mirroring Anthropic's PE-partnership model through its Deployment Co, working with major private equity firms to drive AI adoption across portfolio companies.
$THRIVE-HOLDINGSbullish· mediumjulia hornstein
Thrive Holdings takes equity stakes in legacy firms for AI transformation
Thrive Holdings, an offshoot of Thrive Capital, differentiates by taking meaningful ownership stakes in legacy businesses (accounting, etc.) while providing AI transformation serv…
$BX···bullish· mediumakash pasricha
Blackstone and PE firms use AI JVs to transform portfolio companies
Private equity firms like Blackstone are partnering with AI labs to create JVs that serve their own portfolio companies, creating a flywheel where PE firms refer portfolio compani…
$NVDA···bullish· highjulia hornstein
Nvidia invests in Mercor at $20B valuation, pays tens of millions for training data
Nvidia is deepening its relationship with AI training data provider Mercor, participating in a $20B funding round after paying tens of millions for data used to train its Nemotron…
$MERCORbullish· highjulia hornstein
Mercor raises at $20B valuation with Nvidia and General Catalyst backing
Mercor has become a critical infrastructure provider for frontier model training, securing Nvidia as both major customer and investor at a $20B valuation, with General Catalyst le…
$GENERAL-CATALYSTbullish· mediumjulia hornstein
General Catalyst leads Mercor's $20B funding round alongside Nvidia
General Catalyst is leading Mercor's latest funding round at a $20B valuation, reinforcing its position in AI infrastructure investing alongside strategic partner Nvidia.
$SUSQUEHANNA-INTERNATIONAL-GROUPneutral· mediumyueqi yang
Susquehanna partners with Robinhood on Rothera prediction market exchange
Susquehanna International Group, a major trading firm, co-founded Rothera with Robinhood to provide exchange infrastructure for prediction markets, avoiding consumer-facing compet…
$ROTHERAbullish· mediumyueqi yang
Rothera emerges as Robinhood-Susquehanna JV powering prediction market infrastructure
Rothera, founded by ErisX founder Thomas Chippas, operates as a pure-play exchange/clearinghouse JV between Robinhood (45% stake) and Susquehanna, avoiding consumer-facing competi…
$HOOD···bullish· highyueqi yang
Robinhood's prediction market revenue exceeds equities and crypto trading
Robinhood has made prediction markets a core revenue driver, with prediction market revenue now surpassing both equities and crypto trading, and secured control via 45% stake in e…
$KALSHIneutral· mediumyueqi yang
Kalshi loses Robinhood order flow to Rothera but retains strong retail brand
Kalshi initially handled most Robinhood prediction market orders but lost volume to Robinhood's own JV Rothera; however, Kalshi maintains a strong consumer brand that will keep it…
$POLYMARKETneutral· mediumyueqi yang
Polymarket retains strong retail brand amid institutional exchange competition
Polymarket's consumer-facing brand and retail user base will sustain its relevance even as institutional-focused exchanges like Rothera capture broker order flow.
$CRM···bullish· highdallas dolan
Salesforce Agent Force becomes AI integration layer driving consistent model revenue
Salesforce's Agent Force platform integrates AI agents into the system of record, creating a sticky enterprise distribution channel that will drive consistent, recurring revenue f…
$WDAY···bullish· mediumdallas dolan
Workday and Adobe can command premium pricing through AI-enhanced products
SaaS companies like Workday and Adobe can offset AI model costs by charging more for AI-enhanced products that deliver better outcomes, maintaining margins through value-based pri…
$ADBE···bullish· mediumdallas dolan
Adobe can command premium pricing through AI-enhanced products
Adobe can offset AI infrastructure costs by charging premium prices for AI-enhanced creative and enterprise products that deliver superior outcomes.