Databricks inks $1.3 bn deal to buy AI startup MosaicML

Databricks has agreed to acquire generative artificial intelligence startup MosaicML in a deal valued at roughly $1.3 billion.
VC funding for techThe deal comes at a time when Artificial Intelligence (AI) is dominating the tech industry, with rapid AI thrusts coming from big tech, including Alphabet’s Google and Microsoft, in recent months.

Databricks said the deal will combine its AI technology with MosaicML’s language-model platform.

Databricks, which sells software tools for building AI systems, also released an open-source code in March that it said companies could use to create their own chatbots, along the lines of OpenAI’s ChatGPT.

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