Thrive Holdings, led by Joshua Kushner, to acquire ADT in $7.6 billion cash deal

·4 views

Thrive Holdings, a company led by Joshua Kushner, has agreed to buy home security provider ADT in an all-cash transaction valued at $7.6 billion. If completed as planned, the deal would take ADT private, with closing expected in the first quarter of 2027. The acquisition was first reported by Bloomberg. Thrive Holdings was launched last year as an offshoot of Joshua Kushner's venture firm, Thrive Capital Management, and is known for buying traditional businesses such as accounting and IT services and applying AI to their operations.

Read the full story at The Verge

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Data Centers Could Drive US Power-Sector Carbon Emissions Up 42% by 2030

A new Sierra Club analysis projects that the US power sector could emit 42 percent more carbon dioxide by 2030 than in 2025. The increase is tied to new fossil fuel infrastructure being built to meet rising electricity demand from data centers. If planned AI projects are completed, electricity-generation CO2 emissions could rise by about 618 million tons by the end of the decade. The researchers say this would roughly erase 15 years of greenhouse gas reductions. The group's estimate is higher than some earlier projections.

0 comments Read more at The Verge

TechnologyTechCrunch ·

US probes alleged Chinese spy plot targeting Nvidia's CEO

According to sources cited by the New York Times, a senior executive at a Singapore-based AI cloud company may have been a Chinese spy. That company was itself accused of illegally routing Nvidia chips to China. The reporting indicates that US authorities investigated a spy plot aimed at Nvidia's chief executive. The allegations were reported by the New York Times, which relied on anonymous sources, and have not been independently confirmed in the text provided.

0 comments Read more at TechCrunch

TechnologyTechCrunch ·

Former Palantir executives launch Dream with $17M from a16z to build AI for construction

Former Palantir executives have launched a startup called Dream, backed by $17 million from Andreessen Horowitz (a16z). The company is developing AI world models aimed at the construction industry. Its training draws on a dataset covering roughly 100 million square feet of building permits. Dream intends to challenge Autodesk, a dominant software provider in the sector, by applying AI to construction workflows.

0 comments Read more at TechCrunch

TechnologyTechCrunch ·

SuperMe Raises $20M to Build Network of AI Expert Profiles

SuperMe has raised $20 million in new funding. The startup's product lets users put questions to AI clones of experienced Silicon Valley professionals about their careers. The article describes the company as focused on giving users access to advice from tech industry veterans through these AI-based profiles. Specific details such as the investors, launch timeline, and pricing were not included in the source text.

0 comments Read more at TechCrunch