Tech Geek on Nostr: OpenAI buys database analytics firm Rockset in nine-figure stock deal, sources say ...
OpenAI buys database analytics firm Rockset in nine-figure stock deal, sources say
Microsoft-backed OpenAI has acquired search and database analytics startup Rockset to provide better infrastructure for its enterprise products, the ChatGPT maker said on Friday.
The companies did not disclose the deal size. OpenAI used its shares to buy the company in a stock deal that valued Rockset at a few hundred millions, marking it one of its largest acquisitions by the fast rising AI lab, according to sources familiar with the matter.
OpenAI declined to comment on deal details. The company was last valued at $86 billion in a tender offer by investors earlier this year. Rockset, founded by former engineers at Meta builds real-time search and analytics databases, and has benefited from the use of artificial intelligence in applications from chatbots and detecting anomalies.
Published at
2024-06-22 05:35:49Event JSON
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