Home AI “OpenAI Acquires Stake in Thrive Holdings, a Previous Investor” • The Register

“OpenAI Acquires Stake in Thrive Holdings, a Previous Investor” • The Register

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OpenAI launches first open language models since GPT-2 • The Register

OpenAI has acquired an undisclosed equity stake in Thrive Holdings, an extension of Thrive Capital, which is a significant investor in OpenAI’s ChatGPT platform. This partnership aims to integrate OpenAI’s AI technology into Thrive Holdings’ accounting and managed services to enhance enterprise efficiency and customer engagement. Brad Lightcap, OpenAI’s COO, emphasized the collaboration will showcase the transformative potential of AI across organizational workflows. Following Thrive Holdings’ $100 million investment in IT services under Shield Technology Partners, OpenAI plans to deploy its research and engineering teams within these sectors, starting with accounting and IT. This integration is expected to streamline processes and create a scalable model for other industries. Thrive Capital, led by CEO Joshua Kushner, has heavily invested in OpenAI, notably participating in a $40 billion funding round earlier this year. The financial specifics of the deal remain undisclosed.

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