Databricks to acquire generative AI startup MosaicML

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Databricks to acquire generative AI startup MosaicML
Databricks to acquire generative AI startup MosaicML

The deal will combine Databricks’ AI technology with the generative AI startup’s language-model platform

Databricks has agreed to acquire generative AI startup MosaicML. The deal is roughly valued at $1.3 billion, the former said on Monday.

As rapid artificial intelligence (AI) thrusts in recent months have come from big tech, including Alphabet’s Google and Microsoft Corp., the deal comes at a time when AI is dominating the tech industry.

Allowing businesses a “simple, fast way to retain control, security, and ownership over their valuable data without high costs”, the deal will combine Databricks’ AI technology with the generative AI startup’s language-model platform.

Companies could also use the open-source code released by Databricks in March to create their own chatbots, along the lines of OpenAI’s ChatGPT, said Databricks, which sells software tools for building AI systems.

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