Databricks picks up MosaicML, an OpenAI competitor, for $1.3B

Investors aren’t the only ones who want to get their hands on hot tech companies in the field of AI: it’s also likely to spur a big wave of M&A, too: today, Databricks announced that it would pay $1.3 billion to acquire MosaicML, an open-source startup with neural networks expertise that has built a platform for organizations to train large language models and deploy generative AI tools based on them.
Prior to this, MosaicML had raised just under $34 million from investors that included DCVC, AME Cloud Ventures, Frontline, Atlas, Playground Global and Samsung Next, per PitchBoo

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