OpenAI has acquired Rockset, which develops tools for real-time search and data evaluation.
In a post On its official blog, OpenAI said it might integrate Rock set's technology is designed to “power (its) infrastructure across products.” Members of the Rockset team will join OpenAI and Rockset's existing customers will “regularly” migrate from the Rockset platform.
Financial terms weren’t disclosed.
“Rockset's infrastructure enables firms to rework their data into actionable intelligence,” said Brad Lightcap, COO of OpenAI, in an announcement. “We are excited to supply these advantages to our customers by integrating Rockset's foundation into OpenAI products.”
Rockset, co-founded in 2016 by former Facebook engineers Venkat Venkataramani and Tudor Bosman and database architect Dhruba Borthakur, developed tools that enabled firms to routinely ingest data from databases and public cloud storage services after which index that data for search and analytics applications.
Rockset's database platform forms the premise for things like advice engines, logistics tracking dashboards, and – most relevant to OpenAI – chatbots in areas like fintech and e-commerce.
Rock set managed to boost over $117.5 million in capital from investors reminiscent of Icon Ventures, Sequoia and Greylock prior to the takeover, after in line with Crunchbase data, and had notable customers like Meta and JetBlue using Rockset as a component of their chatbot to predict flight delays.
So what exactly could OpenAI construct with Rockset's technology? Well, the blog post mentions that by utilizing OpenAI products, firms can “make higher use of their very own data” and “access real-time information.” One can imagine improved tools to “ground” OpenAI's models on an organization's data, perhaps to cut back hallucinations or optimize the model for any variety of business use cases.
Venkataramani gives a preview in a post on Rockset’s blog:
“An advanced query infrastructure like Rockset will make AI apps more powerful and useful,” he writes. “Rockset will turn out to be a part of OpenAI and can support the query infrastructure that powers OpenAI's suite of products. We will help OpenAI solve the difficult database problems faced by AI apps at scale.”
The purchase of Rockset matches into OpenAI's broader current strategy to speculate heavily in its enterprise sales and technology organizations.
In May, OpenAI signed an agreement with PwC to resell OpenAI's tools to other firms. The month before, the corporate launched a business-focused, customized model optimization and consulting program.
The measures appear to be paying off, as OpenAI’s annual revenue According to reports will surpass the $3.4 billion mark this yr. Recently, OpenAI disclosed that the enterprise tier of its viral AI-powered chatbot platform ChatGPT had nearly 600,000 users, including 93% of all Fortune 500 firms.
Rockset is barely OpenAI's second public acquisition following Global Illumination, a New York-based startup that uses AI to develop creative tools and infrastructure.
