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OpenAI's First Acquisition Is Enterprise Data Startup 'Rockset' - Slashdot

Jun 21, 2024 - slashdot.org
OpenAI has acquired enterprise analytics startup Rockset to enhance its retrieval infrastructure across its product range. This marks the first acquisition by OpenAI where it will incorporate both the technology and team of the acquired company. The terms of the acquisition were not disclosed, but it's known that Rockset has raised $105 million in funding so far.

Rockset will become a part of OpenAI and will help solve database issues that AI applications face at a large scale. Current Rockset customers will not face any immediate changes, and the company will gradually transition them off the platform. Some members of the Rockset team will join OpenAI, according to Bloomberg.

Key takeaways:

  • OpenAI has acquired enterprise analytics startup Rockset to power its retrieval infrastructure across products.
  • This is OpenAI's first acquisition where it will integrate both the company's technology and its team.
  • Rockset, which has raised $105 million in funding to date, will become part of OpenAI and power the retrieval infrastructure backing OpenAI's product suite.
  • Current Rockset customers won't experience immediate change and will gradually be transitioned off the platform, while some members of Rockset's team will move over to OpenAI.
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