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Joshua Kushner reportedly buying Lakers for $12.5B, continues major OpenAI investment

Joshua Kushner, through his firm Thrive Capital, is reportedly teaming up with Bob Iger to acquire the Los Angeles Lakers for $12.5 billion. This potential deal would set a new record for the sale of a professional sports team in the U.S. Thrive Capital has a history of significant investments in major tech companies, including a substantial and long-term commitment to OpenAI, where Kushner has expressed deep respect for the company's leadership and future potential. AI

IMPACT This acquisition highlights the immense capital flowing into sports, potentially diverting investment from AI ventures, while underscoring the continued confidence in AI companies like OpenAI.

RANK_REASON Major sports team acquisition by prominent investor with significant AI ties. [lever_c_demoted from significant: ic=1 ai=0.4]

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Joshua Kushner reportedly buying Lakers for $12.5B, continues major OpenAI investment

COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Orianna Rosa Royle ·

    Billionaire Joshua Kushner just bought the Lakers for $12.5 billion—OpenAI’s Sam Altman once said he ‘doesn’t care’ what others think

    As Joshua Kushner and Bob Iger close in on a record $12.5 billion Lakers deal, OpenAI CEO Sam Altman once said Kushner makes 'high-conviction bets'.