AI

OpenAI’s Investment Into Thrive Holdings Is Its Latest Circular Deal

OpenAI invests in Thrive Holdings, embedding staff to accelerate AI adoption and growth across AI-backed companies.

Matilda

OpenAI’s Investment Into Thrive Holdings Is Its Latest Circular Deal

OpenAI Takes Strategic Stake in Thrive Holdings OpenAI has made a strategic move by taking an ownership stake in Thrive Holdings, a company closely linked to one of OpenAI’s key investors, Thrive Capital. This partnership aims to accelerate AI integration in businesses across multiple sectors, including IT services and accounting. By embedding OpenAI employees into Thrive’s companies, the tech giant plans to streamline operations, improve efficiency, and potentially increase its financial returns. Credits:Kim Jae-Hwan/SOPA Images/LightRocket / Getty Images Thrive Holdings: A Private Equity Approach to AI Thrive Holdings operates like a private equity firm, targeting companies that can benefit from AI adoption. The firm consolidates these businesses under its umbrella, aiming to create value through technological upgrades. With OpenAI’s involvement, these companies will gain direct access to cutting-edge AI expertise, giving them a competitive edge in their respective industries. How the Pa…

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