OpenAI, the company behind ChatGPT, acquired business analytics firm Rockset in order to “power our retrieval infrastructure across products.”
Venkat Venkataramani, CEO of Rockset, confirmed the acquisition in a blog post on Friday.
Database architect Dhruba Borthakur and former Facebook engineers Venkat Venkataramani and Tudor Bosman co-founded Rockset in 2016.
The company’s tools let businesses automatically ingest data from databases and public cloud storage services, index that data for search and analytics applications, and more.
This acquisition marks the first time that OpenAI has combined a company’s workforce and technology.
The terms of the acquisition were not disclosed by the two businesses. Up to now, Rockset has raised $105 million in investment.
Newsng understands that the company’s goal to transform data utilisation through artificial intelligence (AI) has advanced with the acquisition of Rockset by OpenAI.
Brad Lightcap, COO of OpenAI, highlighted the revolutionary potential of Rockset’s technology in helping people turn their data into insights that can be put to use.
“Rockset’s infrastructure empowers companies to transform their data into actionable intelligence,” Lightcap said in a statement.
“We’re excited to bring these benefits to our customers by integrating Rockset’s foundation into OpenAI products.”
Current Rockset users won’t see “immediate change,” according to Venkataramani, and the company will gradually remove them from the platform.
A portion of Rockset’s staff will transfer to OpenAI.
“Rockset will become part of OpenAI and power the retrieval infrastructure backing OpenAI’s product suite,” Rockset CEO Venkat Venkataramani says in a Rockset blog post.
“We’ll be helping OpenAI solve the hard database problems that AI apps face at massive scale.”
We earlier reported that Apple’s senior vice president of software engineering, Craig Federighi, confirmed that a new AI feature for its highly sought-after iPhones was developed in partnership with OpenAI.
