News / DEVELOPMENT

Databricks Acquires AI Startup MosaicML in $1.3 Billion Deal

The deal will help Databricks to make it easier for businesses to build and deploy AI models on their own data.

By Admin on June 27, 2023

Databricks Acquires AI Startup MosaicML in $1.3 Billion Deal image
Databricks, a cloud-based analytics platform, has acquired AI startup MosaicML in a deal worth $1.3 billion. The deal will help Databricks to expand its offerings in the open-source AI space. MosaicML is a startup that develops tools for building and deploying AI models on open-source frameworks such as PyTorch and TensorFlow. The company's tools are designed to make it easier for businesses to build and deploy AI models without having to be experts in AI or machine learning. Databricks provides a cloud-based platform for running Apache Spark, a popular open-source framework for big data processing. The company's platform also includes tools for machine learning and AI.


The acquisition of MosaicML will give Databricks a suite of tools for building and deploying AI models on open-source frameworks. This will make it easier for businesses to use Databricks' platform to build and deploy AI models without having to be experts in AI or machine learning. "We are excited to welcome the MosaicML team to Databricks," said Ali Ghodsi, CEO of Databricks. "Their tools and expertise will be invaluable as we continue to expand our offerings in the open-source AI space."


he acquisition of MosaicML is the latest in a series of moves by Databricks to expand its offerings in the AI space. In 2022, the company acquired two other AI startups, Monte Carlo and Redash. Databricks' acquisition of MosaicML is a sign of the growing importance of open-source AI in the enterprise. Open-source AI frameworks offer businesses a number of advantages, including flexibility, scalability, and cost-effectiveness. The acquisition of MosaicML will help Databricks to compete with other cloud-based AI platforms, such as Amazon SageMaker and Google Cloud AI Platform. These platforms also offer a suite of tools for building and deploying AI models, but they do not have the same focus on open-source AI as Databricks. The acquisition of MosaicML is a significant development in the AI space. It will help Databricks to expand its offerings in the open-source AI space and compete with other cloud-based AI platforms.

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