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Databricks to Buy Generative AI Startup MosaicML for $1.3 Billion

By
Aaron Holmes
· · Source: The Information

Databricks is acquiring the generative AI startup MosaicML for $1.3 billion, the two companies announced on Monday. The deal comes as Databricks, the ten-year-old data and AI company worth $38 billion, strives to grow its portfolio of AI software and services to meet the rising demand for generative AI tools similar to OpenAI’s ChatGPT. Acquiring MosaicML could help Databricks win customers...

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