This acquisition aligns with OpenAI's recent strategy of heavy investment in enterprise solutions. OpenAI's corporate tier of its AI-powered chatbot platform, ChatGPT, has nearly 600,000 users, including 93% of all Fortune 500 firms. The company's revenue is projected to surpass $3.4 billion this year. The acquisition of Multi could potentially lead to enhanced videoconferencing and remote collaboration capabilities in OpenAI's products.
Key takeaways:
- OpenAI has acquired Multi, a startup developing an enterprise-focused, video-first collaboration platform, just days after purchasing database tech firm Rockset.
- Most of Multi’s team, including CEO Alexander Embiricos and co-founder Charley Ho, will join OpenAI, and Multi will cease operations after July 24, 2024.
- Multi had raised $13 million from VCs including Greylock and First Round Capital, and the acquisition aligns with OpenAI's strategy of investing heavily in enterprise solutions.
- OpenAI's revenue is set to surpass $3.4 billion this year, and there is speculation that the company may enhance its AI-powered chatbot platform, ChatGPT, with videoconferencing and remote collaboration capabilities.