OpenAI Acquires Health Records Startup Torch for $100M to Boost AI Health Tools

• OpenAI has acquired Torch, a health records startup, for an estimated $100 million in equity, as reported by The Information.
• Torch developed an app to consolidate medical data from various sources (doctor visits, lab results, wearables) into a single system for AI models.
• The acquisition is an acqui-hire, integrating Torch's four-person team and technology into OpenAI, rather than continuing Torch as a separate product.
• Torch's co-founders previously worked at Forward Health, an AI-driven primary care company that shut down in late 2024.
• Torch's team and technology will contribute to OpenAI's new ChatGPT Health initiative, focusing on data aggregation and management for health information.

Why It Matters: OpenAI's acquisition of Torch signals a strategic move into AI-powered health tools, focusing on data aggregation.