OpenAI acquires Statsig, which is a product testing startup, for $1.1 billion in an all-stock deal. The move strengthens OpenAI’s Applications business and brings Statsig’s founder, Vijaye Raji, as CTO of Applications. Post-acquisition, OpenAI will integrate all Statsig employees into its workforce.
OpenAI Acquires Statsig To Boost OpenAI’s Product Development
OpenAI acquires Statsig, aiming to enhance its AI-powered products like ChatGPT and Codex. Statsig’s experimentation platform will speed up product development. Here are key details of the OpenAI acquisition news:
- Deal Value: OpenAI pays $1.1 billion in stock, based on its $300 billion valuation.
- Leadership Changes: Vijaye Raji joins as CTO of Applications, reporting to Fidji Simo, OpenAI’s Applications CEO.
- Statsig’s Role: Statsig’s platform will boost OpenAI’s ability to develop new AI applications.
- Employee Transition: All Statsig employees will join OpenAI but continue operating independently from Seattle.
- Regulatory Status: The acquisition awaits regulatory approval.
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OpenAI is reshaping its leadership to support this growth as OpenAI acquires Statsig. Kevin Weil, former chief product officer, now leads OpenAI for Science as VP. He aims to build an AI-powered platform to accelerate scientific discovery, working with researcher Sebastien Bubeck. Weil praised OpenAI’s product team and Simo’s leadership, ensuring a smooth transition.
Srinivas Narayanan, OpenAI’s head of engineering, takes on a new role as CTO of B2B Applications. He will work with COO Brad Lightcap to strengthen ties with enterprise customers. The acquisition aligns with OpenAI’s push to expand its Applications business under Simo, who joined weeks ago after leading Instacart.
Statsig, founded by Raji, specializes in product testing and experimentation. Its integration into OpenAI will enhance tools like ChatGPT and future applications. The Seattle-based startup will maintain its customer base while supporting OpenAI’s mission to innovate AI technologies.
This OpenAI acquisition news highlights the company’s aggressive growth strategy in the competitive AI landscape. By acquiring Statsig and restructuring leadership, OpenAI positions itself to lead in AI-driven product development and scientific innovation.
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