Acquisitions

OpenAI has just announced its acquisition of Statsig, a Seattle-based startup focused on product experimentation and analytics, for $1.1 billion in an all-stock deal. The move marks another major step as OpenAI expands beyond research and into practical applications that millions and soon billions of people might use every day.

Meta CEO Mark Zuckerberg's billion-dollar recruitment blitz hit a major roadblock when former OpenAI CTO Mira Murati rejected his $1 billion acquisition offer for her AI startup Thinking Machines Lab. The tech giant's subsequent "full-scale raid" to poach the startup's top talent also failed, with co-founder Andrew Tulloch declining a $1.5 billion compensation package over six years.