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OpenAI Buys Enterprise Startup Rockset to Help Customers Sift Through Data

Jun 22, 2024 - news.bensbites.com
OpenAI, a leading artificial intelligence company, has acquired Rockset, an enterprise search and analytics startup. The acquisition, the largest for OpenAI to date, aims to integrate Rockset's technology into OpenAI's platform to enhance data utilization for business customers and developers. Some members of the Rockset team will also join OpenAI, although the terms of the deal remain undisclosed.

OpenAI is competing with rivals like Anthropic and Google to develop superior AI models and services for businesses. The company, valued at $86 billion, is projected to generate $3.4 billion in revenue this year. Rockset, founded by ex-Facebook employees, provides technology to retrieve, index, and search data for businesses in various industries. To date, Rockset has raised $105 million in funding.

Key takeaways:

  • OpenAI has acquired Rockset, an enterprise search and analytics startup, in its most significant acquisition to date.
  • The company plans to integrate Rockset’s technology to help business customers and developers make better use of their data on OpenAI’s platform.
  • Some members of Rockset’s team will be joining OpenAI, but the terms of the deal were not disclosed.
  • Rockset, founded by former Facebook employees, offers technology to retrieve, index and make data searchable for business customers in industries ranging from gaming to fintech.
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