OpenAI has acquired a company, rocketBuild tools to drive real-time research and data analytics.
in mail OpenAI said on its official blog that it will be integrated RoxtTechnology to power [its] Infrastructure across products.” Members of the Rockset team will join OpenAI, and existing Rockset customers will be transitioned off the Rockset platform “gradually.”
Financial terms were not disclosed.
“Rockset’s infrastructure enables companies to turn their data into actionable intelligence,” Brad Lightcap, COO of OpenAI, said in a statement. “We are excited to deliver these benefits to our customers by integrating Rockset Foundation into OpenAI products.”
Rockset, co-founded in 2016 by former Facebook engineers Venkat Venkataramani and Tudor Boseman and database engineer Drupa Borthakur, created tools that allowed companies to automatically ingest data from databases and public cloud storage services and then index that data for research and analytics. Applications.
Rockset’s database platform has supported things like recommendation engines, logistics tracking dashboards, and chatbots — especially related to OpenAI — in areas like fintech and e-commerce.
Roxt I managed To raise over $117.5 million in capital from investors including Icon Ventures, Sequoia and Greylock prior to the acquisition, According to to Crunchbase data, and had brand clients including Meta and JetBlue, which used Rockset as an element of its chatbot to predict flight delays.
So, what can OpenAI build with Rockset’s technology, specifically? Well, the blog post refers to allowing companies to “make better use of their own data” and “access real-time information” while using OpenAI products. One can imagine improved tools that “base” OpenAI models on corporate data, and perhaps even reduce it. Hallucinations Or adjust the model for any number of business use cases.
Venkataramani provides a preview in a file mail On the Rockset blog:
“Advanced retrieval infrastructure like Rockset will make AI applications more powerful and useful,” he writes. “Rockset will become part of OpenAI and will support the retrieval infrastructure that underpins the OpenAI product family. We will help OpenAI solve difficult database problems faced by large-scale AI applications.
Rockset’s purchase fits into OpenAI’s recent, broader strategy to invest heavily in enterprise sales and technology organizations.
In May, OpenAI signed an agreement with… PricewaterhouseCoopers To resell OpenAI tools to other companies. The previous month, the company launched A Customized business model tuning and consulting software.
These moves appear to be paying off, with OpenAI’s annual revenues high It said It is expected to exceed $3.4 billion this year. Recently, OpenAI recently a statement The enterprise class of the viral AI-powered chatbot platform, ChatGPT, has nearly 600,000 users, which includes 93% of all Fortune 500 companies.
Rockset is OpenAI’s second public acquisition after that Global lightinga New York-based startup that exploits artificial intelligence to build creative tools and infrastructure.