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OpenAI acquires health-care technology startup Torch for $60 million, source says

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OpenAI has acquired the health-care technology startup Torch, the company announced on Monday.

OpenAI purchased Torch for roughly $60 million, according to a source familiar with the deal who asked not to be named because the details are confidential.

Torch was building a "unified medical memory" for artificial intelligence that aimed to bring a patient's health data, which is typically siloed and stored across a number of different vendors and formats, into one place.

Torch's employees will join OpenAI as part of the acquisition, the companies said.

"I can't imagine a better next chapter than to now get to put our technology and ideas in the hands of the hundreds of millions of people who already use ChatGPT for health questions every week," Torch CEO Ilya Abyzov wrote in a post on X.