Episode Details

Thrive Holdings just landed a $2 billion funding round, catapulting its valuation to $12 billion — with giants like SoftBank and D1 Capital Partners leading the charge. This AI-focused private equity firm buys traditional businesses — think accounting and IT firms — then turbocharges them with AI. The new cash is fueling an ambitious pivot into physical assets, thanks to a deep partnership with OpenAI, which not only invested but also sends engineers to help Thrive’s companies deploy AI faster. Already managing 70+ businesses across “Current” (accounting) and “Shield” (IT), they’ve delivered jaw-dropping results like TaxAI processing 7,000 returns with near-perfect accuracy. Now, they’re launching a third platform targeting regulatory compliance for infrastructure projects — using AI to cut red tape without replacing human expertise.

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