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 like Prenuvo, and apps that track physical activities such as Apple Health. The deal value includes $60 million now and the rest in equity to retain employees, according to a second person familiar with the acquisition.