All articles tagged with #thrive capital
UEFA warned of legal action, arbitration, and regulatory complaints against FIFA President Gianni Infantino, Joshua Kushner, and others over a plan to privatize part of the World Cup’s commercial rights by teaming with Thrive Capital; UEFA opposed the scheme, threatened a boycott, and the plan was shelved amid competition-law concerns from Brussels.
OpenAI's head of sales James Dyett is leaving to join Thrive Capital as an Operator in Residence; he joined OpenAI in 2023 amid rapid growth post-ChatGPT and led enterprise and API sales, and his departure comes as OpenAI experiences further leadership shakeups even as Thrive remains a long-standing backer with close ties to OpenAI's leadership.
San Francisco Giants have agreed to bring Thrive Eternal into their ownership group, pending MLB approval, marking the firm’s first permanent-capital investment and the second recent ownership infusion after Sixth Street; the deal comes as the franchise, valued at about $4.05 billion, expands long-term investors and funds upgrades and real estate initiatives around the team.
OpenAI's tender offer, led by Thrive Capital, is still on track and set to value the company at around $86 billion. The offer allows employees to sell their shares to outside investors, providing liquidity. The round had been extended to January 5, following a period of leadership turmoil and board reshuffling. Sam Altman's temporary ouster threatened the round, but his return cleared the way for it to proceed. Microsoft CEO Satya Nadella's announcement that Altman and OpenAI president Greg Brockman would lead a new AI lab under Microsoft caused uproar among investors and employees, leading to significant board turnover. Altman and Brockman have now officially returned to their previous roles, and a new board has been announced. Microsoft holds a 49% stake in OpenAI.
Former Google AI researchers, Ashish Vaswani and Niki Parmar, who authored the paper that led to the generative AI boom, have raised $8 million for their new startup Essential AI, which aims to build software for enterprises to use large language models. Thrive Capital led the funding round, with Conviction and angel investor Elad Gil also participating. Essential AI is not in direct competition with Adept AI, a company the duo also co-founded in 2021.