Image credit: Databricks
Databricks, a leader in Data and AI, has announced the definitive agreement to acquire MosaicML, a pioneering platform for generative AI. Valued at approximately $1.3 billion, the acquisition marks a significant milestone in making generative AI accessible to organizations worldwide.
MosaicML, renowned for its MPT large language models (LLMs), has successfully enabled organizations to build cost-effective, state-of-the-art models using their proprietary data. The company's latest release, MPT-30B, further solidified this standing.
"Every organization should be able to benefit from the AI revolution with more control over how their data is used," stated Ali Ghodsi, Co-Founder and CEO, Databricks. The shared vision between Databricks and MosaicML, focusing on transparency and open-source contributions, promises to deliver significant value to customers as they navigate the ongoing computing revolution.
In an era where data is the most precious resource, Databricks and MosaicML will empower organizations to build, own, and secure generative AI models and LLMs. Combining Databricks' Lakehouse Platform and MosaicML's technology will simplify the process while ensuring data control, security, and ownership.
The integration results in a cost-effective model training method, allowing the training of multi-billion-parameter models in mere hours. This reduction in time and cost for training and using LLMs could be a game-changer for many organizations.
Following the transaction, MosaicML's entire team is expected to join Databricks. MosaicML's platform will be integrated and scaled to provide customers with a unified platform to build, own, and secure their generative AI models.
"We started MosaicML to solve the hard engineering and research problems necessary to make large scale training more accessible to everyone," said Naveen Rao, Co-Founder and CEO, MosaicML. "Together with Databricks, we will tip the scales in favor of many."
Databricks acquires MosaicML for approximately $1.3 billion, aiming to democratize generative AI.
The acquisition allows organizations to build, own, and secure their AI models, retaining control of their data.
MosaicML's technology will be integrated with Databricks' Lakehouse Platform, promising to deliver faster and more cost-effective model training.
The MosaicML team will join Databricks after the transaction, aiming to provide a unified platform for customers to build, own, and secure their generative AI models.
The closing of the proposed acquisition is subject to customary conditions, including regulatory clearances. Source