Microsoft-backed OpenAI has announced its acquisition of Rockset, a startup specializing in real-time search and database analytics, in a move aimed at enhancing the infrastructure behind its enterprise products, including the widely popular ChatGPT.
The financial specifics of the deal have not been publicly disclosed. However, sources familiar with the matter informed Reuters that the acquisition was a stock deal valuing Rockset at several hundred million dollars, marking one of OpenAI’s largest acquisitions to date.
This strategic move comes on the heels of OpenAI’s recent valuation at $86 billion in a tender offer earlier this year, underscoring the company’s rapid growth and its ambitious plans in the artificial intelligence sector.
Founded by former engineers from Meta, Rockset has carved a niche in developing real-time search and analytics databases. The company has been at the forefront of leveraging artificial intelligence in various applications, ranging from chatbots to anomaly detection, which aligns seamlessly with OpenAI’s suite of AI products.
Rockset has garnered significant attention and investment from prominent venture capital firms, including Greylock, Sequoia, and Hewlett Packard Enterprise’s venture capital arm. Last year, the startup announced it had raised a total of $105 million in funding, showcasing investor confidence in its technology and vision.
With the integration of Rockset’s team and technology, OpenAI aims to bolster the retrieval infrastructure for its enterprise products. This enhancement is expected to improve the performance and capabilities of services like ChatGPT, providing more robust and efficient solutions for business professionals and organizations worldwide.
This acquisition highlights the intensifying focus on artificial intelligence advancements and their applications in various sectors. For business professionals, investors, and tech enthusiasts across Asia and beyond, OpenAI’s expansion signifies the growing opportunities and developments within the AI landscape that may influence global markets and technological innovation.
Reference(s):
cgtn.com
