OpenAI buys Rockset to bolster its enterprise AI | TechCrunch

OpenAI A company is acquired, RocketBuilding tools to drive real-time search and data analysis.

one of Post On its official blog, OpenAI said it will integrate Rocketteto “power up” the technology of [its] Rockset’s team members will join OpenAI, and Rockset’s existing customers will be “gradually” transitioned off of Rockset’s platform.

Financial terms were not disclosed.

“Rocket’s infrastructure enables companies to transform their data into actionable intelligence,” OpenAI COO Brad Lightcap said in a statement. “We’re excited to bring these benefits to our customers by integrating Rocket’s foundation into OpenAI products.”

Rockset, founded in 2016 by former Facebook engineers Venkat Venkataramani and Tudor Bosman and database architect Dhruba Borthakur, built tools that allowed companies to automatically retrieve data from databases and public cloud storage services and then index that data for search and analytics applications.

Rockset’s database platform forms the basis of things like recommendation engines, logistics-tracking dashboards, and — particularly relevant to OpenAI — chatbots in domains like fintech and ecommerce.

Rockette successful Raising over $117.5 million in capital from investors including Icon Ventures, Sequoia, and Greylock prior to the acquisition, According According to Crunchbase data, Rockset had well-known customers including Meta and JetBlue, which used Rockset as a component of its flight delay prediction chatbot.

So what could OpenAI make special with Rockset’s technology? Well, the blog post mentions allowing companies to “better leverage their own data” and “access real-time information” as they use OpenAI products. One could imagine better tools to “ground” OpenAI’s models on company data, perhaps with an eye toward reducing hallucinations Or refine the model for any business use cases.

Venkataramani gives a preview Post On Rockset’s blog:

“Advanced retrieval infrastructure like Rockset will make AI apps more powerful and useful,” he wrote. “Rockset will become part of OpenAI and power the retrieval infrastructure that supports OpenAI’s product suite. We’ll help OpenAI solve the difficult database problems that AI apps face at scale.”

The acquisition of Rockset is in line with OpenAI’s broader recent strategy to invest heavily in its enterprise sales and technology organizations.

In May, OpenAI signed an agreement with PwC resell OpenAI’s tools to other businesses. A month ago, the company launched a Business-oriented custom model tuning and consulting programs,

The move appears to be profitable, as OpenAI’s annual revenue Allegedly This year it is expected to exceed $3.4 billion. Recently, OpenAI recently exposure Its viral AI-powered chatbot platform, ChatGPT, had nearly 600,000 users at the enterprise level, covering 93% of all Fortune 500 companies.

Rockset is OpenAI’s second public acquisition global illuminationA New York-based startup that is using AI to build creative tools and infrastructure.