Thrive Capital, the venture firm founded by Joshua Kushner, has purchased about $215 million in Amazon stock, adding to its investment activity in public companies.
According to a regulatory filing, the investment gives Thrive exposure to Amazon’s growth opportunities in artificial intelligence, including agentic AI shopping tools and AI computing infrastructure services aimed at enterprise customers.
Amazon crossed the $3 trillion mark earlier this month
Earlier this month, Amazon’s market capitalization surpassed $3 trillion for the first time, making it the fifth company in the world to reach that milestone. The market has continued to track the company’s potential in generative AI, cloud computing and AI-powered e-commerce.
Thrive has been adding more public-market positions
Thrive Capital has long been known for investing in early-stage technology companies, with holdings that include SpaceX, Stripe and OpenAI. In recent years, the firm has gradually expanded its investments in listed companies, including Figma, StubHub and Oscar Health.
Earlier this year, Thrive also disclosed to investors that it had invested about $100 million in Shopify shares, saying AI technology was driving a new round of growth in e-commerce.
Shift from traditional venture investing toward core AI assets
The latest position shows Thrive Capital moving beyond a traditional venture capital model and toward what it describes as investing in core assets for the AI era, using stakes in large technology companies to capture growth tied to AI infrastructure and application ecosystems.
Bloomberg was cited as the source of the report.