FILE PHOTO: OpenAI logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -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.
