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SAN FRANCISCO, Calif., June 12, 2024 – Databricks, the Data and AI company, today announced several innovations to Mosaic AI to help customers build production-quality Generative AI applications.

As AI took off in a big way this year, driven in large part by the release of OpenAI’s ChatGPT last November, Databricks saw a way to put that data to work and drive the message.

Privately held Databricks has sought to project might in the ongoing data and AI vendor wars, unveiling earlier this year that it reached more than $1.6 billion in revenue for the fiscal year ...

Databricks landed the biggest acquisition of the generative AI era to date when it bought MosaicML in June for $1.3 billion. It was a nearly 6x markup on MosaicML’s previous valuation of $222 ...

Nonetheless, Databricks will have to prove it can be a catalyst for the AI ecosystem. A scan of the agenda at summit shows a major focus on LLMOps and how to deploy on Spark.

This article is more than 2 years old. The San Francisco-based Data and AI company, Databricks, has announced its definitive agreement to acquire MosaicML, a leading platform in generative AI.