Indian-origin entrepreneur Vijaye Raji has made a billion-dollar leap by promoting his product testing startup, Statsig, to synthetic intelligence big OpenAI in an all-stock deal.
In a weblog publish on Tuesday, OpenAI introduced the acquisition of Statsig in a $1 billion deal saying that the platform has performed a central function in “how we ship and be taught shortly”. “We’re buying Statsig, probably the most trusted experimentation platforms within the industry–powering A/B testing, function flagging, and real-time decisioning for a few of the world’s most revolutionary corporations, together with OpenAI,” the publish learn.
Who’s Vijaye Raji?
Seattle-based Raji graduated from Pondicherry College with a bachelor of engineering diploma in 1999. He joined Microsoft in 2001, the place he stayed for almost 10 years earlier than becoming a member of Fb in 2011. Raji stayed with the corporate for 10 years, transitioning from software program engineer to V-P, head of gaming, head of Fb Seattle, and finally turning into V-P and head of leisure.
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Raji, alongside along with his workforce, based Statsig 4.5 years in the past on the idea that the very best merchandise come from fast experimentation, tight suggestions loops, and data-informed decision-making.
Raji joins OpenAI as CTO of purposes
After having many years lengthy stints at Microsoft and Fb, Raji is now set to affix OpenAI because the chief expertise officer of purposes. Raji will step into a brand new function as CTO of Purposes, reporting to Fidji Simo, following the acquisition of Statsig, the corporate stated.
“As a hands-on builder and trusted chief, Vijaye will head product engineering for ChatGPT and Codex, with duties that span core methods and product strains together with infrastructure and Integrity. His expertise as founder and CEO of Statsig, and a decade main large-scale client engineering at Meta, brings each entrepreneurial imaginative and prescient and working experience to scale our subsequent era of merchandise,” OpenAI stated in a press release.
Statsig staff to affix OpenAI
As a part of the acquisition, Statsig staff will change into OpenAI staff. The corporate will proceed working independently and serving our clients.
Commenting on the deal, Raji stated, “Over the previous 4.5 years, we’ve constructed one thing particular at Statsig: a platform that the world’s greatest expertise corporations depend on to construct quick and make sensible choices.”
In an X publish, Raji stated that becoming a member of forces with OpenAI will assist us broaden our mission, whereas sustaining continuity for our present clients. Raji stated that becoming a member of OpenAI “is a rare alternative to deliver my expertise scaling client and enterprise merchandise to a mission I deeply consider in”.
