Overview
- OpenAI confirmed the deal on January 12, with financial terms undisclosed by the companies.
- Multiple reports estimate the purchase at roughly $60 million to $100 million, often cited as about $100 million in equity.
- Torch built a system that consolidates records from hospitals, labs, wearables and consumer testing firms into a single context layer for AI.
- Torch’s employees, including co-founders Ilya Abyzov and Eugene Huang, will join OpenAI to work on the health offering.
- The acquisition follows the launch of ChatGPT Health and supports OpenAI’s push into regulated care settings, with early partners like HCA Healthcare and ongoing emphasis on privacy, safety and interoperability.