OpenAI acquired a company, Rocket, that creates tools to power real-time data search and analysis.
in a mail On its official blog, OpenAI said it would integrate set of rocksThe technology of “boosting (your) infrastructure across products.” Rockset team members will join OpenAI and existing Rockset customers will “gradually” leave the Rockset platform.
Financial terms were not disclosed.
“Rockset infrastructure enables businesses to transform their data into actionable intelligence,” OpenAI COO Brad Lightcap said in a statement. “We are excited to bring these benefits to our customers by integrating Rockset's foundation into OpenAI products.”
Rockset, which was co-founded in 2016 by former facebook engineers Venkat Venkataramani and Tudor Bosman and database architect Dhruba Borthakur, created tools that allowed companies to automatically ingest data from public cloud databases and storage services. and then index them for search and analysis. Applications.
Rockset's database platform underpinned things like recommendation engines, logistics tracking dashboards and, especially relevant to OpenAI, chatbots in domains like fintech and e-commerce.
set of rocks administered Raised more than $117.5 million in capital from investors including Icon Ventures, Sequoia and Greylock prior to the acquisition. according to Crunchbase data and had brand clients, including Meta and JetBlue, using Rockset as a component of their flight delay prediction chatbot.
So what could OpenAI build specifically with Rockset technology? Well, the blog post mentions allowing companies to “better leverage their own data” and “access real-time insights” while using OpenAI products. One can imagine improved tools to “base” OpenAI models on a company's data, perhaps to reduce hallucinations or fine-tune the model for any number of business use cases.
Venkataramani gives a sneak peek at a mail on the Rockset blog:
“Advanced recovery infrastructure like Rockset will make ai applications more powerful and useful,” he writes. “Rockset will become part of OpenAI and will power the recovery infrastructure that supports OpenAI's suite of products. “We will help OpenAI solve the difficult database problems facing large-scale ai applications.”
The Rockset purchase fits into OpenAI's broader recent strategy of investing heavily in its enterprise sales and technology organizations.
In May, OpenAI signed a deal with PwC to resell OpenAI tools to other companies. The previous month, the company launched a business-oriented custom model tuning and consulting program.
The measures appear to be paying dividends, with OpenAI's annualized revenue reportedly it is projected to eclipse $3.4 billion this year. Recently, OpenAI recently revealed that the enterprise level of its viral ai-powered chatbot platform, ChatGPT, had nearly 600,000 users, including 93% of all Fortune 500 companies.
Rockset is only OpenAI's second public acquisition after Global Illumination, a New York-based startup that uses ai to create creative tools and infrastructure.
