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IBL News | New York
OpenAI announced the acquisition of Statsig, an experimentation platform that powers A/B testing, feature flagging, and real-time decisioning, which had as a client its current purchaser.
OpenAI, with a $300 billion valuation, is paying $1.1 billion for Statsig in an all-stock deal — one of the largest acquisitions ever for the ChatGPT maker.
Following the transaction, the founder and CEO of Statsig, Vijaye Raji, will step into a new role as CTO of Applications in OpenAI. All Statsig employees will become employees of OpenAI.
The acquisition is part of OpenAI’s effort to build out its applications business, helmed by the former CEO of Instacart, Fidji Simo, who started work at the company in August.
