{
  "id": 17116084,
  "title": "OpenAI-backed Thrive Holdings acquires ADT",
  "url": "https://urgent.news/2026/10/29/openai-backed-thrive-holdings-acquires-adt",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-29T19:56:19.000Z",
  "source": {
    "name": "TechCrunch",
    "slug": "techcrunch",
    "url": "https://techcrunch.com/2026/10/29/openai-backed-thrive-holdings-acquires-adt/"
  },
  "original_language": "en",
  "account": "Thrive Holdings has acquired ADT, a physical security company, for $10 per share or roughly $7.6 billion in equity, the firms announced on Thursday. The total value of the deal amounts to $15.3 billion, according to ADT. Thrive Holdings is a private equity spinoff from Josh Kushner’s leading VC firm, Thrive Capital, and is partnered with OpenAI, among others. Thrive's objective is to hold companies long-term and revitalize them with AI technology. Currently, Thrive Holdings owns more than 75 companies. OpenAI contributes AI models, technology, and forward-deployed engineers to Thrive’s companies. Although ADT and Thrive Holdings have not disclosed the specific AI-powered security products they plan to release, they have hinted at a commitment to invest in and launch new products. The press release stated that \"ADT will form the foundation of Thrive Holdings’ smart home security business.\" Currently, AI-powered physical security is gaining traction, with Apple entering the market through a collaboration with LG and Schneider Electric, Amazon updating its smart home range, and even startups developing AI dog robots for security purposes.",
  "summary": "OpenAI-backed Thrive Holdings is buying ADT in a $15.3 billion deal, with plans to bring AI to the home security business.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}