OpenAI has entered an all-stock deal to acquire Statsig, a product testing startup, for $1.1 billion. This marks one of the largest deals in the artificial intelligence (AI) company’s history as it seeks to expand its capabilities.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Founded in 2021, Statsig helps companies test features, make quick decisions, and improve software faster using smart tools built for large-scale development. The acquisition price matches Statsig’s last valuation from a $100 million funding round earlier this year.
It must be noted that Microsoft (MSFT)-backed OpenAI was already using Statsig to improve products like ChatGPT and Codex. By buying the company, OpenAI can move faster and fine-tune its AI tools more easily based on user feedback.
As part of the deal, Statsig’s founder and CEO, Vijaye Raji, will join OpenAI as the chief technology officer of applications. He will report to Fidji Simo, who recently became CEO of that division. Further, Statsig will continue to operate independently from its Seattle office.
OpenAI’s Strategic Plans Ahead
This acquisition is the latest strategic acquisition by OpenAI. In May, the company disclosed a $6.5 billion deal to buy io Products, a startup co-founded by former iPhone designer Jony Ive. That acquisition was aimed at developing AI hardware. Before that, OpenAI acquired the analytics database company Rockset in 2024 for an undisclosed sum.
Looking ahead, OpenAI CFO Sarah Friar disclosed plans to build trillion-dollar-scale data centers to meet demand for AI computation. These facilities will support not just ChatGPT-5, but also future enterprise tools and developer workloads.
Further, OpenAI is exploring AI-as-a-service, renting out its infrastructure like Amazon’s (AMZN) AWS does. This could unlock a massive new revenue stream while keeping control over its proprietary tech.
Which Is the Best AI Stock to Buy, According to Analysts?
OpenAI remains a private company, so investors cannot buy its stock directly. But those interested in AI can still look at other top AI stocks.
Using TipRanks’ stock comparison tool, investors can compare top AI companies and conduct further research to find the most promising options based on analyst ratings and insights.
Based on the table below, Meta Platform (META) and Amazon stocks look like good picks due to a Strong Buy consensus rating and a “Perfect 10” Smart Score. Also, analysts see over 10% upside in both stocks.
