{"id":163383,"date":"2025-12-01T23:05:12","date_gmt":"2025-12-01T23:05:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/163383\/"},"modified":"2025-12-01T23:05:12","modified_gmt":"2025-12-01T23:05:12","slug":"openai-buys-stake-in-thrive-holdings-to-push-ai-into-accounting-it-services","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/163383\/","title":{"rendered":"OpenAI buys stake in Thrive Holdings to push AI into accounting, IT services"},"content":{"rendered":"\n<p class=\"yf-1090901\">Dec 1 (Reuters) &#8211; ChatGPT-maker <a href=\"https:\/\/www.yahoo.com\/organizations\/openai\/\" data-ylk=\"slk:OpenAI;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">OpenAI<\/a> has taken a stake in private \u200bequity firm Thrive Holdings as part of a partnership \u200cto embed <a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> into traditional industries such as accounting and IT \u200cservices, the companies said on Monday.<\/p>\n<p class=\"yf-1090901\">OpenAI will work with Thrive&#8217;s engineers and industry specialists to integrate its technology into business processes that remain largely manual and fragmented despite \u2060generating hundreds of billions \u200cof dollars in annual revenue.<\/p>\n<p class=\"yf-1090901\">Thrive, which operates in accounting and IT services, said the \u200dcollaboration aims to streamline workflows and reduce complexity for employees while improving customer experience.<\/p>\n<p class=\"yf-1090901\">The company plans to expand the effort to other \u200bsectors with high-volume processes and aging infrastructure.<\/p>\n<p class=\"yf-1090901\">OpenAI&#8217;s \u200cresearch and applied AI teams will help train models on company-specific data and expert feedback, creating feedback loops between research and operations to improve performance over time, the companies said.<\/p>\n<p class=\"yf-1090901\">The financial terms of the deal were not \u2060disclosed.<\/p>\n<p class=\"yf-1090901\">Thrive Capital invested more than \u200b$1 billion in OpenAI in late \u200b2024, a bet that has paid off as the ChatGPT-maker&#8217;s valuation has more than \u200dtripled since then.\u2060<\/p>\n<p class=\"yf-1090901\">The New York-based firm set up Thrive Holdings earlier this year to buy service providers such as \u2060accounting and IT firms, aiming to overhaul their operations using AI.<\/p>\n<p class=\"yf-1090901\">\u200c(Reporting by Kritika Lamba in Bengaluru; \u200cEditing by Krishna Chandra Eluri)<\/p>\n","protected":false},"excerpt":{"rendered":"Dec 1 (Reuters) &#8211; ChatGPT-maker OpenAI has taken a stake in private \u200bequity firm Thrive Holdings as part&hellip;\n","protected":false},"author":2,"featured_media":163384,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[5344,365,363,364,107154,111,139,69,145,16930,106988],"class_list":{"0":"post-163383","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-accounting","9":"tag-ai","10":"tag-artificial-intelligence","11":"tag-artificialintelligence","12":"tag-industry-specialists","13":"tag-new-zealand","14":"tag-newzealand","15":"tag-nz","16":"tag-technology","17":"tag-thrive-capital","18":"tag-thrive-holdings"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/163383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=163383"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/163383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/163384"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=163383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=163383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=163383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}