OpenAI takes stake in Thrive Holdings in latest enterprise AI push

OpenAI Takes Equity Stake In Thrive Holdings, AI Giant Will Embed Teams In Joshua Kushner-Led Company To 'Boost' Speed And Accuracy - SoftBank Group (OTC:SFTBY)

OpenAI is expanding its enterprise reach by taking a stake in Thrive Holdings to embed AI teams in traditional service firms, while also exploring ad-based revenue in ChatGPT, considering a $6 billion share sale that could lift its valuation to $500 billion, and generating far more revenue than the widely reported $13 billion.

OpenAI Takes Stake in Thrive Holdings, Adding to Circular Deals

OpenAI is taking an ownership stake in Thrive Holdings, an investment vehicle set up earlier this year by Thrive Capital, adding to a growing list of circular deals involving the ChatGPT maker and its backers.

OpenAI Takes Stake in Thrive Holdings in Latest Enterprise AI Push

OpenAI Takes Stake in Thrive Holdings, a Buyer of Services Firms

When Thrive Capital set up a company, Thrive Holdings, this year to buy up and consolidate services providers like accounting firms, a key goal was to transform the businesses by imbuing them with artificial intelligence.

OpenAI takes stake in Thrive Holdings, which invested in it

: Thrive will use the AI-maker's tech in its managed services and accounting businesess

OpenAI’s investment into Thrive Holdings is its latest circular deal

Analysts will be watching to see if Thrive-owned firms actually succeed in building long-term profitable businesses using OpenAI’s tech, or if the result is really just pumped up valuations based on speculative market potential.