OpenAI to buy Statsig startup, pay for deal with own shares

The payment for the deal will be made solely using OpenAI shares. With OpenAI’s current valuation at $300 billion, the agreement will total approximately $1.1 billion.

Statsig CEO Vijaye Raji will be named CTO of OpenAI's applications and will oversee the engineering development of ChatGPT and Codex, the firm announced in a statement.

Once the agreement is finalized, Statsig employees will move to OpenAI, and the company will maintain independent operations, creating its own products and catering to its customers.

source: bloomberg.com