OpenAI Is in Early Talks to Buy Cybersecurity Firm Trail of Bits, The Information Reports; Talks May Not Lead to a Deal
OpenAI is holding preliminary discussions to acquire Trail of Bits, a New York security research and audit firm, The Information reported on Oct. 13, citing people familiar with the matter, according to CryptoBriefing and Newsquawk. The value is unknown and the talks may not result in a deal.
OpenAI is holding preliminary discussions to buy Trail of Bits, a cybersecurity and security-research firm, The Information reported on Tuesday, October 13, citing people familiar with the matter, according to CryptoBriefing. The value of a potential deal is unknown, and the talks are ongoing and may not result in a deal, the people said. All accounts trace to The Information's single report.
What has been reported
The talks come as OpenAI seeks to build a substantial cybersecurity business, CryptoBriefing reports, citing The Information. Newsquawk carried the same headline, crediting The Information.
Trail of Bits is based in New York and provides security audits, adversarial testing and vulnerability discovery, particularly for widely used open-source projects, according to CryptoBriefing. It has also audited crypto projects including Uniswap, Aave and Worldcoin, CryptoBriefing says.
The two companies launched Patch the Planet in June to use AI to find open-source vulnerabilities, have experts review the results and release fixes, CryptoBriefing reports.
Limits
- Single origin: The Information, read here only through CryptoBriefing and Newsquawk. Neither company has commented in the coverage we read.
- No price or timeline has been reported, and the talks may not produce a deal.