Event
Transform 2023
Join us in San Francisco on July 11-12, where top executives will share how they have integrated and optimized AI investments for success and avoided common pitfalls.
Register Now
Today, MosaicML CEO Naveen Rao announced the company’s groundbreaking strategy to democratize generative AI and the sale of MosaicML to Databricks for $1.3B.
MosaicML, a generative AI startup founded in 2017, has quickly become one of the leading members of the AI field through its focus on democratizing generative AI. Through its groundbreaking technology, MosaicML has democratized the process of creating generative AI models for greater access to the data-backed insights and help to decisions that AI models can provide. As Rao noted, “AI can be complicated and inaccessible, and our team has worked hard to make AI easier to use by developing capabilities that bridge the gap between traditional data science techniques and state-of-the-art AI techniques.”
The sale to Databricks, a leader in cloud data engineering and analytics, will further MosaicML’s goal of democratizing generative AI. With Databricks, MosaicML will be able to dramatically expand its capacity to make its products available to a wider range of users. Furthermore, the acquisition will provide Databricks with new capabilities in machine learning and AI. As noted by Databricks CEO Ali Ghodsi, “AI will enable smarter, more informed decisions, and MosaicML is at the forefront of making this a reality. Their technology, along with the dedicated team, will be a perfect addition to our portfolio.”
This groundbreaking move will have a positive impact on the future of generative AI, allowing a wider variety of users to access data-backed insights and helping them make better decisions with fewer resources on hand. With the sale of MosaicML to Databricks for $1.3B, the company is taking the steps necessary to democratize generative AI, and its success will be watched by many in the AI industry.
