OpenAI Announces $1.1B Acquisition of Product Development Startup, Statsig

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. As part of the acquisition, Statsig CEO Vijaye Raji is joining OpenAI as technology chief in the applications unit. He will report to Fidji Simo, the former Instacart CEO who was tapped to lead OpenAI’s applications business⁠ in May.

Read more at CNBC