OpenAI-Backed Thrive Holdings Acquires ADT in $15.3B Deal to Build AI Home Security
aiinsider ·
Thrive Holdings, a holding company backed by OpenAI and spun out of Thrive Capital, has agreed to acquire physical security firm ADT in a deal valued at $15.3 billion. The transaction involves purchasing ADT shares for $10 each, resulting in approximately $7.6 billion in equity value. This acquisition aims to establish ADT as the foundation for Thrive Holdings' smart home security business, leveraging AI to revitalize existing operations. OpenAI serves as both an investor and partner, providing advanced models and engineers to support this technological integration. While specific new products were not detailed, both companies plan to release innovative AI-powered security offerings. ADT will maintain its current strategic partnerships with tech giants Apple and Google. The move reflects broader industry trends where major players like Amazon and Apple are increasingly integrating artificial intelligence into physical security solutions.
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