Thrive Capital builds a position of $215 million in Amazon shares

According to Bloomberg, Joshua Kushner's Thrive Capital has purchased approximately $215 million worth of shares in Amazon, continuing the venture capital firm's strategy of entering public market investments.

This investment was disclosed in a regulatory filing on Friday and is expected to give Thrive exposure to a large company benefiting from artificial intelligence. Amazon benefits from AI by providing agent-based AI shopping tools and offering computing infrastructure to other businesses. Earlier this month, Amazon's market value surpassed $3 trillion for the first time, becoming the fifth company to reach this milestone.

Thrive declined to comment. An Amazon representative did not immediately respond to a request for comment.

Thrive is known for its early investments in companies such as SpaceX, Stripe, and OpenAI, the latter of which has also received support from Amazon. The venture capital firm's other public market holdings include Figma Inc., Stubhub Holdings Inc., and Oscar Health, which was co-founded and incubated by Kushner.