OpenAI将获得其投资方Thrive Capital旗下Thrive Holdings的股权，但无需支付现金投资，而是以 提供技术支持和团队资源换取"有意义的"股权。OpenAI将从Thrive Holdings未来的财务回报中获得 补偿，同时获取其收购公司的数据，以此训练AI模型。 近两个月前据称估值已达5000亿美元的OpenAI正通过一系列循环性的交易巩固其在人工智能（AI） 领域的生态布局，进一步加剧了市场对AI行业闭环交易的质疑。 周一，OpenAI还宣布与咨询公司埃森哲合作，将向其数万名员工推广ChatGPT企业版。 这笔交易的时机尤为敏感。Thrive Capital去年底向OpenAI投资超过10亿美元，如今OpenAI又入股由 该投资机构设立的实体。有媒体获悉，这种安排旨在长期调整双方激励机制。但投资者和分析师愈发 担忧，科技公司在AI竞赛中通过股权、芯片交易和云计算合同互换融资与服务的做法，正在人为推高 AI热潮。 由Josh Kushner创立的Thrive Capital以少量大额押注和长期持有闻名。该机构2023年首次投资 OpenAI时估值为270亿美元，随后领投66亿美元融资， ...

Core Insights - OpenAI is solidifying its position in the AI sector through a series of cyclical transactions, raising concerns about closed-loop trading in the industry [1][4] - The partnership with Thrive Holdings aims to leverage AI technology for business transformation, particularly in accounting and IT services [2][3] - OpenAI's strategy reflects a shift towards enterprise clients, with a focus on demonstrating the commercial value of AI systems [2] Group 1 - OpenAI announced an investment in Thrive Holdings, a platform established by Thrive Capital, focusing on acquiring companies that can benefit from AI technology [1] - The agreement allows OpenAI to gain equity in Thrive Holdings without cash investment, instead providing technical support and team resources [1] - OpenAI will receive compensation from Thrive Holdings' future financial returns and access to data for training AI models, linking its equity value to the performance of Thrive Holdings' portfolio companies [1][4] Group 2 - OpenAI's COO stated that the initial focus of the partnership will be on the accounting and IT services sectors, aiming to set a precedent for global enterprise collaboration [2] - The company has approximately 800 million weekly active users of ChatGPT, but only 1 million enterprise clients, indicating a need for broader enterprise engagement [2] - OpenAI's collaboration with consulting firm Accenture to promote ChatGPT Enterprise Edition to its employees highlights the urgency of expanding its enterprise market presence [3] Group 3 - The recent investment arrangement between OpenAI and Thrive Capital, which previously invested over $1 billion in OpenAI, raises concerns about intertwined interests and potential conflicts [3] - Analysts express worries that the increasing complexity of these transactions may artificially inflate the AI market rather than reflect genuine demand [4] - OpenAI has engaged in similar agreements with chip suppliers like NVIDIA and AMD, further complicating the financial landscape of the AI industry [4]