{"id":115947,"date":"2025-09-03T05:08:05","date_gmt":"2025-09-03T05:08:05","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/115947\/"},"modified":"2025-09-03T05:08:05","modified_gmt":"2025-09-03T05:08:05","slug":"openai-to-acquire-product-testing-startup-statsig-appoints-cto-of-applications-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/115947\/","title":{"rendered":"OpenAI to acquire product testing startup Statsig, appoints CTO of applications"},"content":{"rendered":"\n<p class=\"yf-1090901\">(Reuters) &#8211;<a href=\"https:\/\/www.yahoo.com\/organizations\/openai\/\" data-ylk=\"slk:OpenAI;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">OpenAI<\/a> 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&#8217;s current valuation of $300 billion.<\/p>\n<p class=\"yf-1090901\">The ChatGPT maker will also appoint Statsig&#8217;s chief executive officer, Vijaye Raji, as OpenAI&#8217;s tech chief of applications, in a push to build on its artificial intelligence products amid strong competition from rivals.<\/p>\n<\/p>\n<p class=\"yf-1090901\">The move comes a few months after OpenAI acquired former iPhone designer Jony Ive&#8217;s startup, io Products, in a $6.5 billion deal to help develop AI hardware.<\/p>\n<p class=\"yf-1090901\">Bolstered by its flagship product ChatGPT, OpenAI doubled its revenue in the first seven months of the year, reaching an annualized run rate of $12 billion, and is on track to reach $20 billion by the end of the year, Reuters reported in August.<\/p>\n<p class=\"yf-1090901\">The company is also looking to close a tender offer round to employee liquidity at a $500 billion valuation.<\/p>\n<p class=\"yf-1090901\">In his role, Vijaye will head product engineering for ChatGPT and the company&#8217;s coding agent, Codex, with responsibilities that span core systems and product lines including infrastructure, the company said.<\/p>\n<p class=\"yf-1090901\">Statsig builds tools to help software developers test and flag new features. It raised $100 million in funding earlier this year.<\/p>\n<p class=\"yf-1090901\">Once the acquisition is finalized, Statsig employees will work for OpenAI but will continue operating independently out of its Seattle office, OpenAI said.<\/p>\n<p class=\"yf-1090901\">(Reporting by Zaheer Kachwala and Krystal Hu; Editing by Alan Barona)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) &#8211;OpenAI said on Tuesday it will acquire Statsig in an all-stock deal valuing the product testing startup&hellip;\n","protected":false},"author":2,"featured_media":115605,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,49,48,64849,64847,278,64850,61,64848],"class_list":{"0":"post-115947","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-ca","12":"tag-canada","13":"tag-flagship-product","14":"tag-jony-ive","15":"tag-openai","16":"tag-product-testing","17":"tag-technology","18":"tag-vijaye-raji"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/115947","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=115947"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/115947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/115605"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=115947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=115947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=115947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}