Thrive Holdings
Thrive Holdings is a permanent capital vehicle founded by Joshua Kushner's Thrive Capital that acquires and overhauds legacy services companies—such as accounting and IT firms—by integrating AI into their workflows. The company has raised over $1 billion for this AI roll-up strategy and counts OpenAI as an equity stakeholder, with OpenAI embedding teams inside its portfolio companies to drive efficiency and service quality.
“Boris Power — OpenAI's head of applied research — Taking dual role at Thrive Holdings to tighten product-research feedback loop — 'The dual post will help tighten the feedback loop between real-world AI deployment and OpenAI's product and model development'”
“Boris Power's dual appointment — head of applied research at OpenAI and head of research at Thrive Holdings — signals a new model for senior AI talent: simultaneous real-world deployment exposure accelerates model development.”
“Kushner already formed Thrive Holdings to apply AI to legacy services companies. Now he's building the third leg of his IPO optionality stool.”
SourceAI-extracted from podcast / newsletter / paper summaries. May contain errors.