So, we know there is a lot of money 🤑 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.