Making AI Headlines · Page 6
Thrive Pays $15.3 Billion to Give Home Security an AI Pitch
· New York time
OpenAI-backed Thrive Holdings is buying home security company ADT in a deal valued at $15.3 billion, with plans to bring AI to the business. The acquisition joins an established alarm and monitoring brand with an investor looking to expand the use of artificial intelligence. ADT's business gives the deal a practical setting: security services are tied to homes and other physical properties, rather than simply to a chatbot on a screen. The stated plan is to bring AI into that business. The value of the proposed technology will be judged as products and services take shape. A plan to use AI is not itself a description of a particular alarm, monitoring feature or change to a customer's service. The purchase price, meanwhile, puts a substantial figure on the transaction before those details are clear. The deal also shows how far AI investment ambitions extend beyond the companies building models. An existing security business has customers, equipment and a recognizable brand, while its prospective owner has a plan to add a technology that has become a central selling point across the market. Home security has traditionally made a simple promise: pay attention when something needs attention. AI adds a much grander vocabulary to that promise. The ultimate product still has a rather down-to-earth test: whether the system is useful to the people relying on it.
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