OpenAI’s first acquisition is an enterprise data startup

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Vector illustration of the Chat GPT logo.
Image: The Verge

OpenAI has acquired Rockset, an enterprise analytics startup, to “power our retrieval infrastructure across products,” according to a Friday blog post.

This acquisition is OpenAI’s first where the company will integrate both a company’s technology and its team, a spokesperson tells Bloomberg. The two companies didn’t share the terms of the acquisition. Rockset has raised $105 million in funding to date.

“Rockset’s infrastructure empowers companies to transform their data into actionable intelligence,” OpenAI COO Brad Lightcap says in a statement. “We’re excited to bring these benefits to our customers by integrating Rockset’s foundation into OpenAI products.”

“Rockset will become part of OpenAI and power the retrieval infrastructure...

Continue reading…



source https://www.theverge.com/2024/6/21/24183216/openai-rockset-acquisition-enterprise-data-startup

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