AIThe Next Webabout 2 hours ago
Thrive Capital letter shows OpenAI defines its bets
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Thrive Capital's first investor letter reveals a fund worth about $3.7bn, driven by early OpenAI and SpaceX stakes. OpenAI investments began at a $29bn valuation and reached $285bn. Thrive is selling part of its OpenAI stake while managing roughly $25bn and closing a record $10bn fund.
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