"OpenAI announced an ownership stake in the private equity investment firm Thrive Holdings, whose parent company, Thrive Capital, is one of the main investors in, you guessed it, OpenAI. While OpenAI did not spend money on the ownership stake, according to an anonymous source cited by The Financial Times, the company announced it would provide Thrive Holdings' companies with employees, models, products, and services."
"The partnership will focus on the two sectors at the top of Thrive Holdings' priority list: IT services and accounting. It's in these "high-volume, rules-driven, workflow-heavy processes where OpenAI's platform can drive immediate benefits," according to the announcement release. The stated goal is to use AI to "boost speed, accuracy, and cost efficiency while strengthening servic"
OpenAI took an ownership stake in private equity firm Thrive Holdings, whose parent, Thrive Capital, is a major investor in OpenAI. OpenAI did not spend money on the stake, according to an anonymous source. OpenAI will provide Thrive Holdings' companies with employees, models, products, and services and may receive payouts from Thrive Holdings' future returns. The partnership will target IT services and accounting, focusing on high-volume, rules-driven, workflow-heavy processes where OpenAI's platform can drive immediate benefits. The stated goal is to use AI to "boost speed, accuracy, and cost efficiency while strengthening servic".
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