OpenAI has announced its first-ever acquisition deal, purchasing the assets of the company Rockset. Rockset is a database startup known for its real-time indexing capabilities at cloud-scale, enabling advanced data analytics and exploration.
According to OpenAI, Rockset’s data management technology will be integrated into the foundational structure of all OpenAI products, with some Rockset employees joining the OpenAI team.
The details of the deal have not been disclosed, but Rockset has previously raised a total of $105 million from investors.
Rockset states that this acquisition will impact its current customers using Rockset’s systems, with services continuing for a period before assisting in transitioning data to other service provider platforms.
Source: OpenAI and The Verge
TLDR: OpenAI acquires Rockset, a database startup, to enhance data management technology across its products. Transition plan for current Rockset customers to new service provider platforms.
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