OpenAI has acquired the startup Torch for an estimated $100 million in equity, as reported by an unnamed source. The small team of four from Torch is joining OpenAI, enhancing its offerings in the healthcare sector. Torch developed a revolutionary app designed to consolidate medical information from various sources, including doctor visits and wearable tech, creating a comprehensive “medical memory for AI.” This integration aligns with OpenAI’s latest initiative, ChatGPT Health, which utilizes AI to help users analyze and manage their health data effectively. The Torch team, having previously collaborated at Forward Health, brings valuable expertise to OpenAI, especially after Forward’s sudden closure in late 2024 despite raising over $400 million. This strategic acqui-hire not only signifies OpenAI’s commitment to health technology but also positions the company to innovate in the intersection of AI and healthcare, thereby enhancing user engagement through sophisticated health management solutions.
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