Data and AI firm Databricks is acquiring generative AI startup MosaicML in a deal worth $1.3B. Databricks and MosaicML are partnering to enable businesses to create their own language models using proprietary data rather than relying on third-party models trained on public data. The acquisition aims to provide enterprises with a unified platform to manage data assets and build secure generative AI models. - MosaicML, which focuses on reducing the cost of generative AI, will become a standalone service within Databricks.
- MosaicML's large language models will be incorporated into Databricks' Lakehouse platform.
- Following the acquisition, the entire MosaicML team, including CEO Naveen Rao, will join Databricks.
- San Francisco-based MosaicML, established in 2021, has secured $64M in funding from investors such as Lux Capital and DCVC.
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