"OpenAI announced in a blog post on Tuesday that it agreed to acquire the product testing startup, Statsig, and bring on its founder and CEO, Vijaye Raji, as the company's CTO of Applications. OpenAI is paying $1.1 billion for Statsig in an all-stock deal - one of the largest acquisitions ever for the ChatGPT maker - under the company's current $300 billion valuation, OpenAI spokesperson Kayla Wood told TechCrunch."
"The company's Chief Product Officer, Kevin Weil, will become VP of a new group called OpenAI for Science, he announced in a post on LinkedIn. Weil says the goal of his new organization "is to build the next great scientific instrument: an AI-powered platform that accelerates scientific discovery." Weil says he will work closely with Sebastien Bubeck, an OpenAI researcher and the Former VP AI and Distinguished Scientist at Microsoft."
OpenAI agreed to acquire product-testing startup Statsig in an all-stock transaction valued at $1.1 billion under the company's $300 billion valuation. Vijaye Raji, Statsig's founder and CEO, will join OpenAI as CTO of Applications and report to Fidji Simo, the new CEO of Applications. Raji will lead product engineering for ChatGPT, Codex, and future applications while integrating Statsig's experimentation platform to speed development. Kevin Weil will shift from Chief Product Officer to VP of a new OpenAI for Science organization focused on creating an AI-powered scientific discovery platform. Srinivas Narayanan will transition to CTO of B2B Applications and collaborate with COO Brad Lightcap.
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