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.
The move comes a few months after OpenAI acquired former iPhone designer Jony Ive's startup, io Products, in a $6.5 billion deal to help develop AI hardware. 