Sam Altman, CEO of OpenAI, attended the annual Allen & Company Sun Valley Media & Technology Conference held at Sun Valley Resort in Sun Valley, ID on July 8, 2025.
David A. Grogan | CNBC
OpenAI announced Monday that Thrive Capital, one of its lead investors, will take ownership of Thrive Holdings, a company it founded in April.
The startup said it will embed engineering, research and product teams within Thrive Holdings to accelerate AI adoption and improve cost efficiency.
Thrive Holdings acquires, owns and operates companies that it believes have the potential to benefit from technologies such as artificial intelligence. According to the company’s website, it operates in fields that are “core to the real economy,” including accounting and IT services.
OpenAI, which has a market capitalization of $500 billion, did not disclose financial terms of the deal.
“We are excited to expand our partnership with OpenAI and incorporate their frontier models, products and services into areas where we believe there is significant potential to benefit from innovation and adoption,” Joshua Kushner, CEO and founder of Thrive Capital and Thrive Holdings, said in a statement.
This is the latest example of OpenAI’s circular trading.
In recent months, the company has acquired stakes in infrastructure partners including: advanced micro device and core weave.
The partnership is structured in a way that aligns OpenAI and Thrive Holdings’ incentives over the long term, said a person familiar with the deal, who requested anonymity because the details are private.
If Thrive Holdings’ companies are successful, OpenAI’s stake will grow in size.
It also serves as a way for OpenAI to get paid for its services, said another person familiar with the deal, who requested anonymity because the details are confidential.
“This partnership with Thrive Holdings aims to demonstrate what is possible when frontier AI research and deployment is rapidly deployed across an organization, revolutionizing the way companies work and engage with their customers,” OpenAI Chief Operating Officer Brad Lightcap said in a statement.
OpenAI also announces partnership with consulting firm Accenture on monday.
The company said its business service, ChatGPT Enterprise, will be rolled out to “tens of thousands” of Accenture employees.
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