ChatGPT maker OpenAI buys data analytics startup

OpenAI, the fast-rising AI research firm that was founded by tech billionaire Elon Musk and Sam Altman, has acquired Rockset, a real-time database analytics platform that helps businesses quickly and efficiently analyze large volumes of data. 

Financial terms of the deal were not disclosed to the public. The Microsoft-funded AI firm used its shares to buy the database analytics startup in a nine-figure sock deal, marking it as one of the biggest acquisitions by the AI powerhouse.

Photo by Jonathan Kemper on Unsplash

In a recent blog post on its official website, OpenAI said that it plans to Rockset’s technology to “power infrastructure across OpenAI products. Also, OpenAI confirmed in the blog post that members of Rockset’s team will join OpenAI.

The deal is expected to bring strategic benefits for both companies. However, the main goal of OpenAI's acquisition is to boost enterprise AI capabilities. OpenAI's acquisition of Rockset strengthens its position in the enterprise AI market by enhancing its real-time data processing and analytics capabilities. This strategic move allows OpenAI to offer more advanced, efficient, and scalable AI solutions, providing significant benefits to its enterprise clients. 

A quick look at Rockset

Rockset was founded by a team of engineers and data architects at Meta. Rocket's technology excels in real-time data processing and analytics. Integrating this capability allows OpenAI to provide faster and more efficient data handling, crucial for enterprises needing quick insights from vast amounts of data, a big win for the Microsoft-backed AI firm.

The company's financial investors include Greylock, Sequoia, and Icon Ventures. According to the latest data from Crunchbase, the company had already raised $117.5 million in total funding. 

Why Rockset is so important to OpenAI

The data analytics startup allows for real-time ingestion of data from various sources, including databases, streams, and files. It helps businesses make quicker and more informed decisions based on the latest data. In addition to that, Rockset operates on a serverless architecture. This enables the data analytics platform to handle varying workloads without manual intervention, making it suitable for businesses of all sizes.

In summary, Rockset is a powerful real-time analytics platform that provides businesses with the tools needed to ingest, index, and query data in real-time, enabling faster and more informed decision-making. Its flexibility, scalability, and ease of use make it a valuable addition to any data-driven organization. 

OpenAI sees tremendous growth in its corporate AI chatbot platform ChatGPT. Recently, OpenAI disclosed that its viral chatbot and virtual assistant platform had reached over 600,000 users, including 93 percent of all the Fortune 500 companies, making fastest-growing consumer application in history.

Rockset is OpenAI’s second acquisition in its roughly seven-year history.  last year, OpenAI acquired Global Illumination, a New York-based AI design studio that builds creative tools. 

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