Thrive Holdings To Bet $1 Billion On AI-Powered Accounting Roll-Up

Thrive Holdings plans a $1 billion AI-driven roll-up of local accounting firms, centered on its subsidiary Current.

Current acquired a majority stake in Larson Gross and is now building a platform across nearly 50 firms.

The company says its Tax AI processed 7,000 returns this season, cut processing time by 31% on average, and reached up to 98% accuracy.

The move highlights how AI may automate routine professional-services work and reshape entry-level white-collar jobs.