Thrive Holdings, the holding company founded by Josh Kushner (Thrive Capital) and backed by OpenAI, has raised $2 billion at a $12 billion valuation. SoftBank, D1 Capital Partners and Altimeter Capital participated in this funding round. The company follows a private-equity-style strategy focused on acquiring traditional businesses and integrating artificial intelligence into their operational workflows, initially targeting accounting and information technology sectors. It plans to expand into physical assets. The funding enables Thrive to strengthen its acquisition pipeline as investors shift focus toward companies applying AI in established industries.
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