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Monday, 26 June, 2023

Databricks Acquires MosaicML in $1.3 Billion Deal, Expanding Next-Gen AI Capabilities

Databricks Acquires MosaicML in $1.3 Billion Deal, Expanding Next-Gen AI Capabilities

Databricks, the data and AI platform, has finalized a $1.3 billion acquisition of MosaicML, a generative AI startup. This strategic move enables Databricks to enhance its next-generation AI capabilities and reinforce its position as a leading player in the data analytics and machine learning market. The acquisition of MosaicML brings advanced generative AI technology to Databricks' portfolio, empowering organizations to leverage innovative AI models and drive data-driven insights.

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