OpenAI has acquired Rockset, a company operating in the field of search and analytics, aiming to enhance the infrastructure of the search it provides through its products. This acquisition marks the latest and most significant move for the artificial intelligence company to date.
This merger is the first of its kind for the company, as it integrates the emerging AI company with Rockset’s technology and team, according to an official statement to Bloomberg.
The terms of the acquisition have not been disclosed by the two companies, and the company has raised funding of up to $105 million so far.
Bradley Lightcap, COO at OpenAI, expressed his excitement to collaborate with Rockset to transform business data into actionable intelligence. He looks forward to delivering these benefits to their customers by integrating Rockset’s products into OpenAI platforms.
Venkataramani, CEO of Rockset, announced that the company will join OpenAI to support the infrastructure for retrieval and its products. Rockset will provide support in solving complex database problems faced by AI applications operating on a wide scale.
Venkataramani explained that current Rockset customers will continue unchanged for now, with the company slowly transitioning them off the platform. According to Bloomberg, there are team members from Rockset moving to OpenAI at this time.
The company behind the ChatGPT chatbot announced its intention to integrate Rockset technology to help business customers and developers use their data more effectively on its platform.
OpenAI competes fiercely with competing companies like Anthropic and Google to develop powerful AI models and provide advanced services that can be sold to companies.
The startup’s value reached $86 billion in a funding round in February, and it is expected to generate revenues of $3.4 billion this year according to CEO Sam Altman’s statements to employees.
Rockset, founded by a former team of Facebook employees, offers advanced data processing technologies, such as data retrieval, indexing, and search functionality. Rockset provides these services to a diverse range of companies in various industries, from gaming to fintech.
OpenAI has previously acquired several startups, but this time it stands out for achieving a unique integration between the technology and employees of the acquired company.
It has greatly benefited from technological advancements, using AI applications to efficiently operate recommendation engines, voice assistants, and chatbots.
This partnership means that their expertise in real-time data processing and retrieval strengthens OpenAI’s ability to quickly access and analyze large amounts of information, leading to fast and accurate responses from artificial intelligence models.
