OpenAI takes stake in Thrive Holdings for enterprise AI push
OpenAI CEO Sam Altman at the annual Allen and Co. Summit held at Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025. Attended the Sun Valley Media and Technology Conference.
David A. Grogan | CNBC
OpenAI on Monday announced acquires an ownership interest holdingsA company founded in April by Thrive Capital, one of its major investors.
The startup said it will embed engineering, research and product teams at Thrive Holdings companies to help accelerate the adoption of AI and increase cost efficiency.
Thrive Holdings acquires, owns and manages companies that it believes can benefit from technologies such as artificial intelligence. According to its website, the company operates in sectors that “form the basis of the real economy”, especially accounting and IT services.
OpenAI, valued at $500 billion, did not disclose the financial terms of the agreement.
“We are excited to expand our partnership with OpenAI to deploy its leading models, products and services into industries we believe have tremendous potential to benefit from technological innovation and adoption,” Joshua Kushner, founder and CEO of Thrive Capital and Thrive Holdings, said in a statement. he said.
This is the latest example of OpenAI’s circular agreements.
In recent months, the company has acquired stakes in infrastructure partners. Advanced Micro Devices And CoreWeave.
The partnership is structured to align OpenAI and Thrive Holdings’ incentives over the long term, according to a person familiar with the deal who asked not to be named because the details are private.
If Thrive Holdings’ companies are successful, the size of OpenAI’s shares will increase.
It also acts as a way for OpenAI to get paid for its services, according to another person familiar with the deal who declined to be named because the details are confidential.
“This partnership with Thrive Holdings is about showing what is possible when leading-edge AI research and deployment is deployed rapidly across entire organizations to revolutionize the way businesses operate and interact with customers,” OpenAI COO Brad Lightcap said in a statement. he said.
OpenAI also announced cooperation with consulting firm Accenture On Monday.
The startup said its commercial offering, ChatGPT Enterprise, will be available to “tens of thousands” of Accenture employees.
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