Databricks acquisition of MosaicML shows how much money is in generative AI right now
So, we know there is a lot of money đ¤ in generative AI, but still, MosaicML's exit to Databricks seems outstanding: The transaction is valued at about $1.3 billion. MosaicML was founded just two years ago.
In any case, MosaicML joins Databricks for a shared vision of making custom AI model development available to organizations worldwide. The partnership aims to combine MosaicML's generative AI software infrastructure, model training, and deployment expertise with Databricks' customer reach and engineering capabilities.
Both companies' flagship products, which currently power generative AI for enterprises and developers worldwide, will continue to grow under the agreement. The transaction is subject to customary closing conditions and regulatory approvals. With MPT-7B and MPT-30B, MosaicML is also the provider of some of the more popular open-source LLMs, with more than 3.3 million downloads.
AI News Without the Hype â Curated by Humans
Subscribe to THE DECODER for ad-free reading, a weekly AI newsletter, our exclusive "AI Radar" frontier report six times a year, full archive access, and access to our comment section.
Subscribe nowRead on for the full picture.
Subscribe for hype-free coverage.
- Full access to every article on THE DECODER
- No ads
- Join the comments and community discussions
- A weekly AI news recap via mail
- 6x/year: "AI Radar" â deep dives on the AI topics that matter most
- Daily AI news, always up to date
- Our full ten-year archive
- Covered by a team with 10+ years in AI