OpenAI takes a stake in Thrive Holdings without putting up any cash

OpenAI has taken equity in Thrive Holdings, the private equity firm created by one of its biggest investors, Josh Kushner, in a deal confirmed on Monday. The move links the $500 billion AI company even tightly to the same network of investors, customers, and suppliers that already fund and power it, according to the report this article is based on. Thrive Holdings was built to buy accounting and IT companies and rebuild them with artificial intelligence at the center. Now OpenAI is directly inside that structure. Thrive Capital, the New York investment firm run by Josh Kushner, poured more than $1 billion into OpenAI in late 2024. Since that raise, OpenAI’s valuation has more than tripled. Earlier this year, Thrive Capital launched Thrive Holdings as a separate vehicle to buy service firms and push AI into their daily work. Monday’s deal now gives OpenAI ownership inside that effort as it...

https://www.cryptopolitan.com/openai-grabs-equity-in-thrive-holdings/