OpenAI continued its spending spree, announcing on Tuesday that it has acquired Statsig, a product development startup, for $1.1 billion. Statsig helps OpenAI and other companies test features and use real-time data in their operations.
Breakdown
- OpenAI acquires Statsig for $1.1 billion in an all-equity deal. 10s
- Statsig is known for A-B testing and product experimentation, with clients including Microsoft. 16s
- Unlike recent acquihires in the industry, OpenAI is buying the entire company. 33s
- Statsig founder Vijay Raji will become OpenAI's CTO of applications, overseeing ChatGPT product engineering. 44s
- The acquisition is part of OpenAI's strategy to expand enterprise offerings and speed up product launches. 1m 6s
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