The investor is raising money to start and build companies infused with artificial intelligence, then use them to buy more.

Thrive Capital has bet big on artificial intelligence, including emerging giants of the field like OpenAI and Databricks.

Now the venture capital firm is taking a different approach: creating and buying companies that it believes can benefit from A.I. — including in industries that seem far more humdrum, such as accounting — and holding on to them for a long time.

Thrive Capital is raising money for a company it has created called Thrive Holdings, which is meant to develop and buy start-ups, according to four people with knowledge of the matter. The idea is to help operate the businesses, and use the cash flow to both invest in the companies and buy up others.

The firm is in the late stages of closing about $1 billion for Thrive Holdings’ initial round of funding,

Keep reading this article on Andrew Ross Sorkin - DealBook Section Business New York Times.

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