Caroline Hyde

OpenAI, well, it's agreed to take an ownership stake in Thrive Holdings, an investment vehicle of its own VC backer, Thrive Capital.

It's all about accelerating enterprise AI adoption, we're told.

OpenAI says it plans to boost speed, accuracy, cost efficiency among the companies within Thrive Holdings.

Bloomberg's Seth Fiegemann joins us now on the latest that some will say, again, circular AI deals.

How is this going to be a win-win for OpenAI?

So I think we're both hearing in sort of pushback to whether this is or is not circular financing, that there is no exchange of money or funds between OpenAI and the holdings bit, which makes it confusing.

Basically, therefore, it kind of is like a venture capitalist who's an operator.

Sounds like OpenAI comes in and goes, we'll help you of all these things for zero dollars.

It's also about how VC itself is pushing boundaries in new types of vehicles.

Josh Kushner, who founded Thrive Capital all the way back in 2010, is now only recently, in April, I think, founded this Thrive Holdings.

And it's about buying stakes or even growing accounting companies.

Bloomberg's Seth Figgeman out of New York City on the Thrive Holdings OpenAI deal.

Thank you.

Welcome back to Bloomberg Tech.

We have a deal of sorts this Monday, and that's Nvidia investing $2 billion into Synopsys, a leading name in electronic design automation software, or EDA, basically the software tools that help you lay out a chip's design.

NVIDIA buying in at $414.79 a share.

Synopsys currently trading at $432.53.

It's an engineering agreement.

NVIDIA Tech integrated into the Synopsys platform.

But what it does not include is any mandatory requirement for Synopsys to buy NVIDIA GPUs.