Pakistani generative AI startup Jams, co-founded by former Meta engineers Asad Awan and Hamza Aftab, has been officially acquired by OpenAI, the developer of ChatGPT. The startup gained recognition for developing cutting-edge generative AI tools that create realistic, human-like video experiences, positioning itself at the forefront of AI-driven content creation.
Before the acquisition, Jams had secured investment from prominent venture capital firms Andreessen Horowitz (a16z) and Indus Valley Capital (IVC), both known for backing innovative global tech ventures. This acquisition marks Indus Valley Capital’s first successful exit, representing a major milestone for Pakistan’s startup ecosystem.
Co-founder Asad Awan said that joining OpenAI would allow the team to pursue their broader vision alongside some of the world’s best AI researchers and engineers. The move highlights how Pakistani entrepreneurs are making significant contributions to advanced AI technologies and shaping the future of the global tech landscape.
The acquisition of Jams by OpenAI not only reflects the startup’s technological excellence but also emphasizes Pakistan’s growing influence in the global artificial intelligence and innovation ecosystem, showcasing how local talent is driving transformative breakthroughs on an international scale.
