Since Nigerian billionaire Adebayo Ogunlesi joined the board of directors of OpenAI in January, the company behind ChatGPT has been on a steady buying streak. Its latest move is the 1.1 billion acquisition of Statsig, a product development startup known for helping companies test new features and analyze real-time data.
OpenAI expands with 1.1 billion acquisition
Statsig, based in Seattle, builds tools that allow organizations to experiment with products and make decisions based on live feedback. The all-stock deal, which values Statsig at about 1.1 billion based on OpenAIs 300 billion valuation, comes as OpenAI looks to expand ChatGPT and develop new applications for its growing base of individual and business users worldwide.
