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Woofun AI reports that SoftBank, Altimeter, and D1 Capital Partners are investing approximately $20 billion in Thrive Holdings. This funding supports a strategy to acquire labor-intensive enterprises, such as accounting and IT firms, and restructure their operations using artificial intelligence.
OpenAI, which acquired a stake late last year, has deployed a technical team to facilitate this transformation. A joint tax AI agent for the accounting platform Current has demonstrated significant improvement, raising accurate tax return rates from 25% to 86% in pilot tests through an automated error-correction loop.
Additionally, Thrive Holdings invested $1 billion in IT outsourcing provider Shield Technology Partners in February. To ensure technological sovereignty, OpenAI agreed to transfer all jointly developed AI agent property rights to Thrive Holdings. The fund utilizes a permanent capital structure to support the long-term, thorough AI integration of acquired companies.