Databricks, the data and AI platform, acquires MosaicML for $1.3B, enhancing its generative AI capabilities and solidifying its position in the competitive AI market. The acquisition signifies the growing industry demand for AI expertise and technology.
In a bold move within the tech industry, Databricks, the renowned data and AI platform, has announced its acquisition of MosaicML for a staggering $1.3 billion. This strategic move comes amidst a flurry of mergers and acquisitions in the AI field, as companies vie for supremacy in this rapidly evolving sector.
MosaicML, a promising open source startup specialising in neural networks, has developed a platform that empowers organisations to train large language models and deploy advanced generative AI tools.
By integrating MosaicML into its existing Databricks Lakehouse Platform, the company will enhance its multicloud offerings by providing users with robust generative AI capabilities.
Ali Ghodsi, co-founder and CEO of Databricks, expressed great enthusiasm regarding the acquisition, stating, “Our shared vision, rooted in transparency and a commitment to open source contributions, will deliver significant value to our customers during this era of groundbreaking computing advancements.” Ghodsi emphasised democratising AI and empowering organisations to leverage their data effectively.
What sets MosaicML apart from its competitors?
Firstly, it operates as an open source platform, providing developers with greater accessibility and flexibility. Secondly, MosaicML focuses on enabling organisations to build their own large language models based on proprietary data, offering a cost-effective solution. Their latest release, MPT-30B, highlights the platform’s ability to construct and train state-of-the-art models rapidly.
Naveen Rao, CEO and co-founder of MosaicML, expressed his excitement about joining forces with Databricks, affirming their joint mission to make large-scale training more accessible to individuals and organisations. Rao believes their collaboration will empower users to build and train their AI models, further advancing the AI community.
Databricks’ acquisition of MosaicML solidifies its position in the competitive AI market and highlights the surging demand for AI expertise and technology. With rival company OpenAI’s valuation surpassing $40 billion, Databricks’ strategic move to acquire MosaicML demonstrates its commitment to staying at the forefront of the industry.
