{
  "id": 983377,
  "title": "Josh Kushner’s Thrive Fund grows sevenfold to $3.7 billion on AI bets",
  "url": "https://urgent.news/2026/08/15/josh-kushners-thrive-fund-grows-sevenfold-to-3-7-billion-on-ai-bets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-15T06:47:34.000Z",
  "source": {
    "name": "Economic Times Tech",
    "slug": "economic-times-tech",
    "url": "https://economictimes.indiatimes.com/tech/artificial-intelligence/kushners-thrive-fund-grows-sevenfold-to-3-7-billion-on-ai-bets/articleshow/133257697.cms"
  },
  "original_language": "en",
  "account": "Thrive Capital, led by Josh Kushner, experienced a significant growth in its early-stage venture capital fund, which increased sevenfold to $3.7 billion by the end of June 2023. Founded by Kushner, the fund made early investments in companies like OpenAI, SpaceX, and Anduril Industries Inc. As per the letter to limited partners, Thrive is pursuing a minority investment from its original shareholders and potentially new parties. The firm has already sold a 3.3% stake in 2023 for $175 million, with investors including Bob Iger, Mukesh Ambani, Jorge Paulo Lemann, Xavier Niel, and KKR & Co. co-founder Henry Kravis. The surging value of Thrive's funds highlights the explosive growth of artificial intelligence technology and the associated companies.",
  "summary": "The letter highlights an investing strategy that Thrive pioneered in the venture capital industry: concentrating on a small subset of companies, rather than indexing an entire market. While many VC firms spread bets across dozens of companies, Thrive’s strategy is much more focused.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Fortune",
        "title": "Billionaire Joshua Kushner just bought the Lakers for $12.5 billion—OpenAI’s Sam Altman once said he ‘doesn’t care’ what others think",
        "url": "https://urgent.news/2026/08/14/billionaire-joshua-kushner-just-bought-the-lakers-for-12-5-billion",
        "published": "2026-08-14T07:00:00.000Z"
      }
    ]
  },
  "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."
}