**OpenAI Acquires Convogo Team, a Blazing New Year Kickoff**
Happy new year, folks! It’s time to jump into the new year with a bang, and OpenAI is kicking it off with another high-profile acqui-hire. The AI trailblazer has snagged the team behind Convogo, a business software platform that’s been making waves in the management assessment and feedback reporting space.
**The Players**
The deal sees the Convogo founders – Matt Cooper, Evan Cater, and Mike Gillett – join OpenAI as part of an all-stock acquisition. But here’s the twist – Convogo’s intellectual property and tech aren’t being acquired by OpenAI. Instead, the team is being snapped up to work on OpenAI’s “AI cloud efforts”.
**A New Chapter for Convogo**
Convogo, which started life as a weekend hackathon project, will be winding down its operations. It’s a shame to see the platform go, as it had built a solid reputation among coaches and leadership development companies. The founders penned a heartfelt email to users, stating that their mission is now focused on making AI accessible and helpful to professionals across industries.
**OpenAI’s Acquisition Spree**
This is OpenAI’s ninth acquisition in the past 12 months, and we’re seeing a worrying trend across the industry. More and more companies are using M&A as a way to leapfrog their competitors and bolster their tech stacks.
**What’s Next for OpenAI?**
As for what’s next for OpenAI, we’ll have to wait and see. One thing’s for sure – with the Convogo team on board, we can expect some exciting developments in the AI cloud space. Stay tuned for more updates, and if you’re interested in the latest insights on AI and beyond, join us at our upcoming event in San Francisco on October 13-15, 2023.
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