OpenAI on Monday announced it is taking an ownership stake in Thrive Holdings, a company that was launched by one of its major investors, Thrive Capital, in April. The startup said it will embed engineering, research and product teams within Thrive Holdings’ companies to help accelerate their AI adoption and boost cost efficiency. Thrive Holdings buys, owns and runs companies that it believes could benefit from technologies like artificial intelligence. It operates in sectors that are “core to the real economy,” starting with accounting and IT services, according to its website. OpenAI, which is valued at $500 billion, did not disclose the financial terms of the agreement. “We are excited to extend our partnership with OpenAI to embed their frontier models, products, and services into sectors we believe have tremendous potential to benefit from technological innovation and adoption,” Joshua Kushner, CEO and founder of Thrive Capital and Thrive Holdings, said in a statement.

Full report : OpenAI takes stake in Thrive Holdings to help accelerate enterprise AI adoption.