OpenAI Acquires Health-Care Technology Startup Torch for $60 Million, Source Says
OpenAI integrates Torch’s unified medical memory tech into ChatGPT Health to consolidate patient data and enhance health management for millions of users, valued at $100 million.
- OpenAI has acquired the health-care technology startup Torch for an undisclosed amount, with Torch's employees joining OpenAI.
- Torch was building a 'unified medical memory' for AI to consolidate a patient's health data from various sources into one place.
- The acquisition comes shortly after OpenAI unveiled ChatGPT Health, allowing users to connect medical records and wellness apps to the AI chatbot.
32 Articles
32 Articles
OpenAI Buys Healthcare Startup Torch Days After Launching ChatGPT Health
OpenAI acquired the health-care technology startup Torch on Monday, days after the company unveiled ChatGPT Health, a platform designed to help patients and doctors navigate complex medical information. The financial details of the deal were not disclosed, but CNBC reported that the Sam Altman-led firm bought the startup for roughly $60 million. Meanwhile, The Information reported that OpenAI paid $100 million worth of equity for the startup. Op…
OpenAI Agrees to Buy AI Healthcare App For About $100 Million
OpenAI has agreed to buy Torch, a one-year-old AI healthcare app, for about $100 million in equity, according to a person with direct knowledge of the acquisition. Torch enables customers to view and analyze their health data from health systems such as Kaiser Permanente, medical scanning firms ...
OpenAI acquires health tech startup Torch for $60M to power ChatGPT Health - Tech Startups
OpenAI just made its boldest healthcare move yet. The AI giant has acquired health-care technology startup Torch for roughly $60 million, CNBC reported, citing a source familiar with the deal. The price was not disclosed publicly, but the acquisition signals a […] The post OpenAI acquires health tech startup Torch for $60M to power ChatGPT Health first appeared on Tech Startups.
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