OpenAI buys database analytics firm Rockset in nine-figure stock deal, sources say
-Microsoft-backed OpenAI has acquired search and database analytics startup Rockset to provide better infrastructure for its enterprise products, the ChatGPT maker said on Friday.
OpenAI declined to comment on deal details. The company was last valued at $86 billion in a tender offer by investors earlier this year.), builds real-time search and analytics databases, and has benefited from the use of artificial intelligence in applications from chatbots and detecting anomalies.Rockset said its team will join OpenAI and the technology will power the retrieval infrastructure of the ChatGPT maker's enterprise products.
OpenAI has pitched ChatGPT Enterprise, the enterprise version of its chatbot and its AI services known as APIs, to executives at large enterprises. Reuters reported last month OpenAI has been developing a search engine product to potentially compete with Google and AI search startup Perplexity.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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