OpenAI to acquire product testing startup Statsig, appoints CTO of applications

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OpenAI said on Tuesday it will acquire Statsig in an all-stock deal valuing the product testing startup at about $1.1 billion based on OpenAI’s current valuation of $300 billion.

The ChatGPT maker will also appoint Statsig’s chief executive officer, Vijaye Raji, as OpenAI’s tech chief of applications, in a push to build on its artificial intelligence products amid strong competition from rivals.

The move comes a few months after OpenAI acquired former iPhone designer Jony Ive’s startup, io Products, in a $6.5 billion deal to help develop AI hardware….



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OpenAI to acquire product testing startup Statsig, appoints CTO of applications



OpenAI said on Tuesday it will acquire Statsig in an all-stock deal valuing the product testing startup at about $1.1 billion based on OpenAI’s current valuation of $300 billion.

The ChatGPT maker will also appoint Statsig’s chief executive officer, Vijaye Raji, as OpenAI’s tech chief of applications, in a push to build on its artificial intelligence products amid strong competition from rivals.

The move comes a few months after OpenAI acquired former iPhone designer Jony Ive’s startup, io Products, in a $6.5 billion deal to help develop AI hardware….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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