OpenAI To Acquire Product Testing Startup Statsig, Appoints CTO of Applications

An anonymous reader quotes a report from Reuters: 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. [...] In his role, Vijaye will head product engineering for ChatGPT and the company's coding agent, Codex, with responsibilities that span core systems and product lines including infrastructure, the company said. Statsig builds tools to help software developers test and flag new features. It raised $100 million in funding earlier this year. Once the acquisition is finalized, Statsig employees will work for OpenAI but will continue operating independently out of its Seattle office, OpenAI said. The move follows the acquisition of iPhone designer Jony Ive's startup, io Products, in a $6.5 billion deal to usher in "a new family of products" for the age of artificial general intelligence.

Read more of this story at Slashdot.