Thrive Capital Takes $215M Bet on Amazon Amid AI Infrastructure Boom

Thrive Capital, the venture capital firm founded by Joshua Kushner, has taken a significant stake in Amazon. The firm disclosed that it owns approximately 904,038 shares of Amazon worth $215.5 million as of June 30th.

This move is notable because Thrive Capital has traditionally focused on private investments, but it appears to be expanding its portfolio to include public-market holdings tied to big tech and AI companies.

The firm's stake in Amazon is particularly interesting given the company's growing importance as an 'AI infrastructure' provider. Its Amazon Web Services cloud unit sells computing power that companies need to train and run AI models, making it a key player in the burgeoning field of artificial intelligence.