Summary
Some startups are offering AI dog robots as roving security guards. Source: TechCrunch Venture Read the original article
What this means for you
For Chinese readers in the US, the article reports that Thrive Holdings has acquired physical security company ADT for $10 per share or about $7.6 billion in equity, with a total enterprise value of $15.3 billion. ADT will form the foundation of Thrive Holdings’ smart home security business, and the companies teased plans to invest and release new products but did not announce what new AI-powered security products they will be releasing. For readers considering home security products or services, the article provides no details on pricing, availability, or changes to existing ADT services, so no practical conclusion can be drawn beyond the stated ownership change and product plans. Thrive Holdings holds over 75 companies, and OpenAI is described as a partner and investor that supplies AI models and tech as well as forward-deployed engineers to Thrive’s companies.
Thrive Holdings has acquired physical security company ADT for $10 per share or about $7.6 billion in equity, the companies announced on Thursday. Beyond equity, the total enterprise value of the deal is $15.3 billion, ADT said.
Thrive Holdings is the PE spinout from Josh Kushner’s powerhouse VC firm Thrive Capital. It also counts OpenAI as its partner, as well as an investor. The firm’s mission is to hold other companies long-term, revitalizing them with AI. Currently, Thrive Holdings holds over 75 companies, it says.
As a partner, OpenAI supplies AI models and tech as well as people, otherwise known as forward-deployed engineers, to Thrive’s companies.
Neither ADT nor Thrive announced what new AI-powered security products they will be releasing, but they did tease that the plan was to invest and release new products. “ADT will form the foundation of Thrive Holdings’ smart home security business,” the press release said.
AI-powered physical security is having a moment right now. Apple just entered the field with a new line of smart home and home security products in collaboration with LG and Schneider Electric. Amazon updated its smart home line, including new AI-powered home cameras. And who knows what the future might bring? Some startups are offering AI dog robots as roving security guards.
Source: TechCrunch Venture
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Do you currently use a home security system or smart home cameras, and would new AI-powered home security products from a company like ADT interest you, or would you wait for more details?
