OpenAI Acquires AI Coaching Startup Convogo in All-Stock Deal, Shuts Down Product
Summary
OpenAI acquires AI coaching startup Convogo in an all-stock deal, immediately shutting down the product while bringing the three co-founders onboard to work on cloud initiatives, marking the company's ninth acquisition this year focused on talent rather than technology.
Key Points
- OpenAI acquires the team behind Convogo, an AI executive coaching platform, in an all-stock deal while shutting down the product
- Three co-founders join OpenAI to work on AI cloud efforts as part of the company's ninth acquisition in one year
- The deal follows OpenAI's pattern of using acquisitions primarily for talent acquisition rather than technology integration