OpenAI has taken an equity stake in Thrive Holdings, a permanent capital vehicle launched by Thrive Capital, to acquire and rewire accounting and IT firms with AI. The deal embeds OpenAI research team…
Thrive Holdings is raising $2 billion from SoftBank, Altimeter, and D1 Capital Partners to acquire and rebuild services firms with AI, marking its first outside funding round. The roll-up strategy foc…
OpenAI and Thrive Holdings built a tax-preparation AI agent that cut document processing time by a third while achieving up to 97% accuracy. The system then self-improved over six weeks, raising the r…
OpenAI and Thrive Holdings developed a self-improving tax AI system that achieved up to 97% accuracy on tax return drafts, processing 7,000 returns in a pilot program. The system cut preparation time …