{"id":114989,"date":"2025-09-02T19:57:08","date_gmt":"2025-09-02T19:57:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/114989\/"},"modified":"2025-09-02T19:57:08","modified_gmt":"2025-09-02T19:57:08","slug":"openai-buys-statsig-for-1-1-billion-hires-ceo-as-applications-exec","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/114989\/","title":{"rendered":"OpenAI buys Statsig for $1.1 billion, hires CEO as applications exec"},"content":{"rendered":"<p>Sam Altman, CEO of OpenAI, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025.<\/p>\n<p>David A. Grogan | CNBC<\/p>\n<p>OpenAI continued its spending <a href=\"https:\/\/openai.com\/index\/vijaye-raji-to-become-cto-of-applications-with-acquisition-of-statsig\/\" target=\"_blank\" rel=\"nofollow noopener\">spree<\/a>, announcing on Tuesday that it has acquired Statsig, a product development startup,\u00a0for $1.1 billion.<\/p>\n<p>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\u00a0applications unit. He will report to <a href=\"https:\/\/www.cnbc.com\/2025\/05\/07\/openai-hires-instacart-ceo-fidgi-simo-as-head-of-applications.html\" rel=\"nofollow noopener\" target=\"_blank\">Fidji Simo<\/a>, the former <a href=\"https:\/\/www.cnbc.com\/quotes\/CART\/\" rel=\"nofollow noopener\" target=\"_blank\">Instacart<\/a> CEO who was tapped to lead OpenAI&#8217;s applications business\u2060 in May.<\/p>\n<p>&#8220;Working with the incredible team at OpenAI to build AI-powered experiences at scale for people and businesses is a rare and meaningful opportunity,&#8221; Raji wrote in a post on <a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7368705873478631428\/\" target=\"_blank\" rel=\"nofollow noopener\">LinkedIn<\/a>. &#8220;Doing that with the help of tools we built at Statsig makes it even more special.&#8221;<\/p>\n<p>Statsig will continue to operate independently and serve customers out of its Seattle office, OpenAI said. The acquisition is still subject to customary closing conditions, including regulatory approval.<\/p>\n<p><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/09\/108193285-17568369401756836938-41464544508-1080pnbcnews.jpg\" alt=\"OpenAI acquires software startup Statsig for $1.1B\"\/><\/p>\n<p>&#8220;Vijaye has a remarkable record of building new consumer and B2B products and systems at scale,&#8221; Simo said in a statement.\u00a0<\/p>\n<p>OpenAI has been buying aggressively of late, putting some of the hefty cash pile it&#8217;s raised and the soaring value of its stock to use to fuel growth in new areas. Its biggest splash came in May, when OpenAI acquired Jony Ive&#8217;s AI devices startup IO for close to $6.5 billion in an all-equity deal that pushes the company firmly into hardware. Prior to that, OpenAI acquired analytics database company\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/06\/21\/openai-acquires-database-analytics-firm-rockset.html\" rel=\"nofollow noopener\" target=\"_blank\">Rockset<\/a>\u00a0for an undisclosed sum in 2024.<\/p>\n<p>Earlier this year, OpenAI had planned to buy AI-assisted coding tool\u00a0<a href=\"https:\/\/www.cnbc.com\/2025\/04\/17\/openai-looked-at-cursor-before-considering-deal-with-rival-windsurf.html\" rel=\"nofollow noopener\" target=\"_blank\">Windsurf<\/a>\u00a0for $3 billion, but a deal never materialized, and Google ended up bringing on the startup&#8217;s co-founder as part of a $2.4 billion licensing deal.<\/p>\n<p>&#8220;The journey with Statsig has been deeply gratifying, leading me to this moment and giving me conviction that we will continue helping teams ship better software every day,&#8221; Raji said in a statement.<\/p>\n<p>Don\u2019t miss these insights from CNBC PRO<\/p>\n","protected":false},"excerpt":{"rendered":"Sam Altman, CEO of OpenAI, attends the annual Allen and Co. Sun Valley Media and Technology Conference at&hellip;\n","protected":false},"author":2,"featured_media":114990,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,2158,161,49,48,10355,44000,244,61],"class_list":["post-114989","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-breaking-news-technology","tag-business-news","tag-ca","tag-canada","tag-enterprise","tag-instacart-maplebear-inc","tag-internet","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/114989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=114989"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/114989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/114990"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=114989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=114989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=114989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}