OpenAI will acquire Statsig in an all-stock deal valued at $1.1 billion, with Statsig’s CEO becoming OpenAI’s tech chief. This move follows OpenAI’s $6.5 billion acquisition of io Products and a doubling of revenue to $12 billion. Statsig, a product testing startup, raised $100 million earlier this year. Once finalized, Statsig employees will work for OpenAI independently in Seattle.

Read more at Yahoo Finance: OpenAI to acquire product testing startup Statsig, appoints CTO of applications