Databricks Acquires MosaicML and Other Recent AI Acquisitions

hough the economy has been quite dynamic, AI is still a hot market. There have been a few major acquisitions and mergers over the past couple of weeks, each, potentially redefining the market in the near future. So let’s take a look at some of the biggest newsmakers making their rounds and if we’re lucky, we might see a pattern. <h1>Databricks Buying MosaicML</h1> In an <a href="https://techcrunch.com/2023/06/26/databricks-picks-up-mosaicml-an-openai-competitor-for-1-3b/" rel="noopener ugc nofollow" target="_blank">announcement</a> late last month, Databricks said that they would pay $1.3 billion to acquire MosaicML. This open-source startup that specializes in neural networks has made a name for itself building a platform that allows organizations to train <a href="https://opendatascience.com/8-trending-and-new-large-language-models-to-keep-an-eye-on/" rel="noopener ugc nofollow" target="_blank">large language models</a>. Then, they are deployed using specific generative AI tools based on each organization’s needs. MosaicML is one of the pioneers of the private LLM market, making it possible for companies to harness the power of specialized AI to suit specific needs. <a href="https://medium.com/@odsc/databricks-acquires-mosaicml-and-other-recent-ai-acquisitions-5925b0e4f90b">Read More</a>