StoryFirst seen

Thrive Holdings agrees to buy ADT for $15.3 billion

Thrive, which has raised over $3 billion, is betting that service businesses will earn the most from AI.

Archived Updated

Everything it touches

0 names 1 voices 1 source posts

The story’s neighborhood

NAMESVOICESPOSTS

Explore the graph, or choose a connection below.

Follow the evidence

The source posts

This brief comes from Tech Twitter’s edited headlines. The posts below are the sources grouped with the story; statements in them belong to their authors.

PrathamLead source
This is one of the craziest acquisitions I have ever seen. Thrive Holdings just agreed to buy ADT (1874 burglar alarm company) for $15.3B. Thrive has raised over $3B and already owns stakes in 75+ service businesses like accounting firms and IT shops. They believe service businesses will make the most money from AI. These companies already have customers. Thrive buys them, rebuilds the work with AI software it owns, and needs fewer people to deliver the same service. The savings stay with the owner. Renting AI software doesn’t get you there. The vendor prices it close to what a human used to cost, and your competitors can rent the same thing. Owning it means you keep the savings, and your best people’s methods go into the system. Some early numbers: – Thrive’s IT business software…
Read original on X