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OpenAI is investing in Thrive Holdings, a company whose parent firm is a major investor in the AI giant. This marks another instance of circular dealmaking, where companies benefit from mutual investments. The collaboration involves OpenAI sending engineers and researchers to Thrive’s portfolio firms to enhance AI integration. Success in these ventures could increase OpenAI’s stake and provide financial returns. This partnership aligns with Open. AI’s strategy of strengthening its ecosystem through strategic alliances.

Key facts

  • OpenAI is acquiring an ownership stake in Thrive Holdings, a firm backed by its major investor Thrive Capital.
  • Thrive Holdings focuses on acquiring AI-driven companies in sectors like accounting and IT services to boost efficiency.
  • The deal includes OpenAI deploying cross-functional teams to accelerate AI adoption within Thrive’s portfolio firms.
  • Successful ventures could expand OpenAI’s stake and generate revenue through performance-based compensation.
  • This transaction reflects a recurring pattern of circular investments aimed at reinforcing OpenAI’s market position.
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TAGS: #AI adoption  #AI investment  #circular deals  #OpenAI  #tech partnerships  #Thrive Holdings  #venture capital