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Investing.com -- OpenAI announced a partnership with Thrive Holdings aimed at accelerating enterprise AI adoption, with the AI company taking an ownership stake in Thrive.
The collaboration will focus initially on accounting and IT services, targeting high-volume, rules-driven processes where OpenAI’s technology can deliver immediate benefits. OpenAI plans to embed its research, product, and engineering teams within Thrive Holdings’ companies to improve speed, accuracy, and cost efficiency.
"AI is redefining how enterprises are built and deliver value for customers," said Brad Lightcap, COO of OpenAI. "This partnership with Thrive Holdings is about demonstrating what’s possible when frontier AI research and deployment are rapidly deployed across entire organizations."
Joshua Kushner, CEO and founder of Thrive Capital and Thrive Holdings, stated: "We believe this paradigm shift will happen from the inside out as domain experts and practitioners use AI as a native tool to reshape their fields."
The deal adds to OpenAI’s recent string of partnerships that have faced criticism for their circular nature. These include arrangements with Nvidia for a potential $100 billion investment and a separate multi-billion dollar chip deal with AMD that could make OpenAI a major AMD shareholder.
Thrive, founded by Kushner in 2010, first invested in OpenAI in 2023 at a $27 billion valuation and later led a $6.6 billion investment that valued the AI company at $157 billion.
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