The acquisition talks come two months after Reka debuted its newest AI model, Reka Core, a multimodal LLM that can process text, images, videos, and audio. The company also offers two other models, Reka Edge and Reka Flash, which are less capable but more hardware-efficient. The potential acquisition by Snowflake, which participated in Reka's $50 million funding round last year, follows a similar move by its rival Databricks Inc., which acquired another LLM provider, MosaicML Inc., for $1.3 billion last year.
Key takeaways:
- Snowflake Inc. is reportedly in talks to acquire Reka AI Inc., a provider of large language models, for over $1 billion.
- Reka AI recently debuted a new large language model, Reka Core, which can process text, images, videos, and audio.
- Reka AI has also developed proprietary model distillation technology, which allows for the transfer of knowledge from an advanced model to a smaller, more hardware-efficient model.
- Last year, Reka AI raised a $50 million funding round that included the participation of Snowflake’s venture capital arm, valuing the company at about $300 million.