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TechCrunch · Dec 1, 2025 4:58 PM EST AI

OpenAI’s investment into Thrive Holdings is its latest circular deal

Analysts will be watching to see if Thrive-owned firms actually succeed in building long-term profitable businesses using OpenAI’s tech, or if the result is really just pumped up valuations based on speculative market potential.

OpenAI’s investment into Thrive Holdings is its latest circular deal
Image TechCrunch

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