DJIA51654.95 492.55
S&P 5007811.54 55.62
NASDAQ27366.17 196.13
Russell 20002806.98 18.70
German DAX25087.27 264.22
FTSE 10010552.05 110.45
CAC 407803.33 73.64
EuroStoxx 506176.15 53.80
Nikkei 22569030.92 -11.19
Hang Seng24211.35 425.56
Shanghai Comp3813.79 1.89
KOSPI6625.93 -177.97
Bloomberg Comm IDX143.93 0.07
WTI Crude-fut104.43 -0.01
Brent Crude-fut91.66 0.18
Natural Gas3.20 0.04
Gasoline-fut3.27 -0.06
Gold-fut4220.30 72.30
Silver-fut61.11 1.85
Platinum-fut1695.40 50.50
Palladium-fut1150.00 22.50
Copper-fut6.71 0.14
Aluminum-spot3195.00 0.00
Coffee-fut285.15 -2.70
Soybeans-fut1292.25 5.75
Wheat-fut670.75 -12.75
Bitcoin82555.88 1119.02
Ethereum USD2487.71 41.06
Litecoin63.77 1.56
Dogecoin0.08 0.00
EUR/USD1.1198 0.0006
USD/JPY158.29 0.32
GBP/USD1.3218 -0.0008
USD/CHF0.8343 0.0003
USD IDX102.23 0.05
US 10-Yr TR5.242 0.009
GER 10-Yr TR3.484 -0.022
UK 10-Yr TR5.449 -0.039
JAP 10-Yr TR3.016 -0.068
Fed Funds4 0
SOFR3.87 -0.01
High-rise commercial buildings

Sub Markets

Topics

Direct Investment  + M&As  | 
OpenAI to Acquire Statsig for $1.1B in Stock 

OpenAI to Acquire Statsig for $1.1B in Stock 

OpenAI announced plans to acquire Statsig, a Seattle-based product experimentation platform, in a stock transaction valued at approximately $1.1 billion. The move, one of OpenAI’s largest acquisitions to date, comes amid a broader leadership restructuring under Fidji Simo, the newly appointed CEO of Applications. 

Following the deal, Statsig founder and CEO Vijaye Raji will join OpenAI as Chief Technology Officer of Applications, reporting directly to Simo. “Vijaye has a remarkable record of building new consumer and B2B products and systems at scale,” Simo said, noting that his expertise will accelerate OpenAI’s push to translate AI breakthroughs into safe, widely usable applications. 

Founded in 2021, Statsig specializes in experimentation infrastructure, including A/B testing, feature flagging, and real-time decisioning. Its platform has been widely adopted by leading technology firms, including OpenAI itself, to optimize product development and user experiences. 

The acquisition will allow OpenAI to bring these capabilities in-house while keeping Statsig’s operations running independently from its Seattle headquarters during the integration period. The transaction remains subject to regulatory approval. 

The deal follows OpenAI’s landmark $40 billion capital raise earlier this year at a $300 billion valuation. 

Connect

Inside The Story

OpenAI Statsig

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.