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OpenAI Forms Strategic Partnership with Thrive Holdings, Targeting IT Services and Accounting

OpenAI Forms Strategic Partnership with Thrive Holdings, Targeting IT Services and Accounting
OpenAI announced an ownership stake in private‑equity firm Thrive Holdings, a move that involves no cash outlay but provides Thrive’s portfolio companies with OpenAI employees, models, products, and services. The partnership focuses on transforming high‑volume, rules‑driven processes in IT services and accounting, aiming to boost speed, accuracy, and cost efficiency. Thrive CEO Joshua Kushner highlighted AI’s potential to reshape industries from the inside out, while OpenAI’s leadership described the deal as a new model for collaboration with private‑equity groups. The arrangement also gives OpenAI access to data that could enhance future AI training. Read more →

OpenAI Takes Ownership Stake in Thrive Holdings, Expanding AI Private-Equity Partnerships

OpenAI Takes Ownership Stake in Thrive Holdings, Expanding AI Private-Equity Partnerships
OpenAI announced an ownership stake in Thrive Holdings, a private‑equity‑style firm backed by Thrive Capital that aggregates AI‑focused companies. While the deal’s financial terms remain confidential, OpenAI will embed its engineering, research, and product teams within Thrive’s portfolio to accelerate AI adoption. The partnership follows OpenAI’s recent circular investments in infrastructure firms such as Advanced Micro Devices and CoreWeave, underscoring a broader strategy of aligning with companies that can embed its technology. Analysts say the move will be closely watched to gauge whether the combined entities can generate sustainable growth or simply inflate valuations. Read more →

OpenEvidence Announces $200 Million Funding Round Valuing Company at $6 Billion

OpenEvidence Announces $200 Million Funding Round Valuing Company at $6 Billion
OpenEvidence, a medical AI platform likened to ChatGPT for doctors, disclosed a $200 million financing round that values the startup at $6 billion. The new capital follows a $210 million raise three months earlier at a $3.5 billion valuation. Trained on leading medical journals, the tool provides rapid answers to clinical questions for verified professionals, who can use it for free supported by advertising. Since its 2022 founding, OpenEvidence has seen clinical consultations per month nearly double to 15 million. The round was led by Google Ventures with participation from multiple top venture firms. Read more →

OpenAI’s $6.6 Billion Share Sale Boosts Valuation to $500 B, Marking Largest Private‑Company Valuation

OpenAI’s $6.6 Billion Share Sale Boosts Valuation to $500 B, Marking Largest Private‑Company Valuation
OpenAI sold $6.6 billion worth of shares held by current and former employees, a transaction that lifted its valuation to $500 billion, the highest ever for a privately held firm. The sale, which involved investors such as SoftBank, Dragoneer Investment Group, Thrive Capital, MGX and T. Rowe Price, was not a traditional funding round because the proceeds went directly to shareholders. The move comes amid heightened competition with Meta’s AI lab, recent large‑scale funding rounds, and strategic partnerships with Oracle, Nvidia and Microsoft, while the company continues to roll out new products like the Sora 2 video model. Read more →

Macroscope Launches AI-Powered Codebase Understanding Engine

Macroscope Launches AI-Powered Codebase Understanding Engine
Former Periscope founders Kayvon Beykpour, Joe Bernstein, and Rob Bishop have introduced Macroscope, an AI-driven platform that helps developers and product leaders understand code changes, spot bugs, and get real‑time product insights. The tool integrates with GitHub, Slack, JIRA and Linear, leveraging large language models to generate summaries and answer natural‑language queries. Priced at $30 per active developer per month, Macroscope is already being used by a range of startups and larger firms. Backed by a Series A round led by Lightspeed, the San Francisco startup aims to reduce engineering overhead and improve productivity. Read more →

Macroscope Launches AI-Powered Codebase Understanding Engine

Macroscope Launches AI-Powered Codebase Understanding Engine
Former Periscope founders Kayvon Beykpour, Joe Bernstein, and Rob Bishop have introduced Macroscope, an AI-driven platform that helps developers and product leaders understand code changes, spot bugs, and get real‑time product insights. The tool integrates with GitHub, Slack, JIRA and Linear, leveraging large language models to generate summaries and answer natural‑language queries. Priced at $30 per active developer per month, Macroscope is already being used by a range of startups and larger firms. Backed by a Series A round led by Lightspeed, the San Francisco startup aims to reduce engineering overhead and improve productivity. Read more →

Macroscope Launches AI-Powered Codebase Understanding Engine

Macroscope Launches AI-Powered Codebase Understanding Engine
Former Periscope founders Kayvon Beykpour, Joe Bernstein, and Rob Bishop have introduced Macroscope, an AI-driven platform that helps developers and product leaders understand code changes, spot bugs, and get real‑time product insights. The tool integrates with GitHub, Slack, JIRA and Linear, leveraging large language models to generate summaries and answer natural‑language queries. Priced at $30 per active developer per month, Macroscope is already being used by a range of startups and larger firms. Backed by a Series A round led by Lightspeed, the San Francisco startup aims to reduce engineering overhead and improve productivity. Read more →

Macroscope Launches AI-Powered Codebase Understanding Engine

Macroscope Launches AI-Powered Codebase Understanding Engine
Former Periscope founders Kayvon Beykpour, Joe Bernstein, and Rob Bishop have introduced Macroscope, an AI-driven platform that helps developers and product leaders understand code changes, spot bugs, and get real‑time product insights. The tool integrates with GitHub, Slack, JIRA and Linear, leveraging large language models to generate summaries and answer natural‑language queries. Priced at $30 per active developer per month, Macroscope is already being used by a range of startups and larger firms. Backed by a Series A round led by Lightspeed, the San Francisco startup aims to reduce engineering overhead and improve productivity. Read more →

Macroscope Launches AI-Powered Codebase Understanding Engine

Macroscope Launches AI-Powered Codebase Understanding Engine
Former Periscope founders Kayvon Beykpour, Joe Bernstein, and Rob Bishop have introduced Macroscope, an AI-driven platform that helps developers and product leaders understand code changes, spot bugs, and get real‑time product insights. The tool integrates with GitHub, Slack, JIRA and Linear, leveraging large language models to generate summaries and answer natural‑language queries. Priced at $30 per active developer per month, Macroscope is already being used by a range of startups and larger firms. Backed by a Series A round led by Lightspeed, the San Francisco startup aims to reduce engineering overhead and improve productivity. Read more →