Thrive Holdings acquires ADT for $10 a share, OpenAI on board - AI Brief
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Thrive Holdings is acquiring ADT for 10 dollars per share, valuing the equity at approximately 7.6 billion dollars and the company at 15.3 billion dollars in enterprise value. The transaction is part of a stated AI revival strategy with OpenAI as a partner, as mainstream players strengthen their connected security offerings. Apple recently launched a line of smart home security products in partnership with LG and Schneider Electric. Amazon has updated its smart home devices, including new AI-powered home security cameras. Meanwhile, some startups are offering AI-powered security robot dogs to conduct patrols. These initiatives demonstrate strong momentum in the physical security sector integrating artificial intelligence. Strategies, movements, and AI fundraisings decrypted every evening in 5 min. Free. Included upon registration: our selection of the best AI guides & comparisons. Choose your pace Free · No spam · 1-click unsubscribe Thrive Holdings has acquired ADT for 10 dollars per share, valuing the equity at approximately 7.6 billion dollars. According to ADT, the total enterprise value in the transaction reaches 15.3 billion dollars. The two companies announced the transaction on a Thursday. Thrive Holdings, a spin-off of Thrive Capital founded by Josh Kushner, is a private equity firm that claims to own more than 75 companies and aims to revitalize them through...
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OpenAI is a partner and investor in Thrive Holdings, providing AI models, technologies, and specialized engineers to portfolio companies.
