The acquisition aligns with OpenAI's recent strategy of heavy investment in its enterprise sales and tech organizations. OpenAI plans to use Rockset's tech to allow companies to better leverage their own data and access real-time information. This could lead to improved tooling to ground OpenAI's models on a company's data, potentially reducing hallucinations or fine-tuning the model for various business use cases. OpenAI's annualized revenue is reportedly set to surpass $3.4 billion this year, and its AI-powered chatbot platform, ChatGPT, has nearly 600,000 users, including 93% of all Fortune 500 companies.
Key takeaways:
- OpenAI has acquired Rockset, a company that builds tools for real-time search and data analytics. Rockset's team will join OpenAI and its existing customers will be transitioned off of Rockset’s platform gradually.
- Rockset’s technology will be integrated into OpenAI's infrastructure across its products. The technology includes tools that allow companies to ingest data from databases and public cloud storage services and then index that data for search and analytics applications.
- Rockset was co-founded in 2016 by ex-Facebook engineers and had raised over $117.5 million in capital from investors. Its customers included Meta and JetBlue.
- This acquisition aligns with OpenAI's recent strategy of investing heavily in its enterprise sales and tech organizations. OpenAI's annualized revenue is reportedly set to exceed $3.4 billion this year, and its AI-powered chatbot platform, ChatGPT, has close to 600,000 users, including 93% of all Fortune 500 companies.