OpenAI-backed Thrive Holdings acquires ADT

Thrive Holdings, the private equity spin-out of Thrive Capital with OpenAI as a partner and investor, has acquired physical security company ADT for $10 per share, or about $7.6 billion in equity, with a total enterprise value of $15.3 billion. Thrive Holdings aims to hold companies long-term and revitalize them with AI; it currently holds over 75 companies. OpenAI supplies AI models, technology, and forward-deployed engineers to Thrive's companies. Neither company announced specific new AI-powered security products, but they indicated plans to invest and release new products, with ADT forming the foundation of Thrive Holdings' smart home security business. The deal comes as AI-powered physical security gains momentum, with recent moves by Apple, Amazon, and startups offering AI dog robots as security guards.

(Source：TechCrunch)