"OpenAI is taking an ownership stake in Thrive Holdings, whose parent company is one of the AI giant's major investors, Thrive Capital. Thrive Holdings operates like a private equity firm for AI, rolling up companies that it believes could benefit from the tech in sectors like accounting and IT services. Neither company disclosed the terms of the deal, but it will involve OpenAI embedding engineering, research, and product teams within Thrive's companies to accelerate AI adoption and boost efficiency, the company says."
"If those companies succeed, OpenAI's stake will grow, and it will get compensated for its services, according to reporting from CNBC. The partnership follows a pattern of circular dealmaking for the $500 billion AI giant, which also recently took stakes in infrastructure partners like Advanced Micro Devices and CoreWeave. Analysts will be watching to see if Thrive-owned firms actually succeed in building long-term profitable businesses using OpenAI's tech, or if the result is really just pumped-up valuations based on speculative market potential."
OpenAI acquired an ownership stake in Thrive Holdings, whose parent is investor Thrive Capital. Thrive Holdings functions like a private equity roll-up for AI, targeting sectors such as accounting and IT services. The deal embeds OpenAI engineering, research, and product teams inside Thrive-owned companies to accelerate AI adoption and improve efficiency. OpenAI’s stake will increase if those portfolio companies succeed, and OpenAI will be compensated for its services. The move continues circular dealmaking by the $500 billion AI company, which has also taken stakes in infrastructure partners like AMD and CoreWeave. Analysts will monitor whether the firms build sustainable profitable businesses or merely inflated valuations.
Read at TechCrunch
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