Databricks Expands Horizons with $1.3B Acquisition of LLM Innovator MosaicML
Databricks Acquires LLM Pioneer MosaicML for $1.3B
Databricks has finalized an agreement to acquire MosaicML, a leader in large language models (LLMs), in a deal valued at approximately $1.3 billion, which includes retention packages. This strategic acquisition aims to make generative AI accessible to organizations of all sizes, enabling them to develop, own, and secure their generative AI models using proprietary data.
The acquisition reinforces Databricks’ commitment to democratizing AI and enhances its Lakehouse platform, positioning it as a premier environment for developing generative AI and LLMs. Naveen Rao, Co-Founder and CEO of MosaicML, expressed the vision of empowering everyone to build and train their own models, integrating personal insights and perspectives. He emphasized that the collaboration with Databricks is a significant step towards realizing this vision.
MosaicML has earned acclaim for its innovative MPT large language models, notably the MPT-7B and the recently launched MPT-30B, which have seen millions of downloads. This platform has demonstrated a cost-effective approach for organizations to develop and train state-of-the-art models rapidly by leveraging their own data. Notable customers, including AI2 and Generally Intelligent, have utilized MosaicML for various generative AI initiatives.
The primary goal of this acquisition is to simplify the process of developing, owning, and securing AI models for organizations. By merging Databricks’ Lakehouse Platform with MosaicML’s advanced technology, customers will be able to maintain control over their valuable data without incurring high expenses. MosaicML’s automated optimization of model training allows for training that is 2x-7x faster compared to conventional methods, enabling the quick training of multi-billion-parameter models within hours. Together, Databricks and MosaicML intend to significantly reduce the cost of utilizing LLMs from millions to thousands of dollars.
Combining Databricks’ unified Data and AI platform with MosaicML’s generative AI training capabilities will create a robust and adaptable platform that caters to the needs of major organizations across diverse AI applications. Upon closing the deal, the MosaicML team, including its prominent research talent, is set to join Databricks. Their expertise in machine learning and neural networks positions them at the forefront of AI innovation, enhancing model training efficiency.
The MosaicML platform will receive ongoing support and integration to create a seamless environment that allows customers to construct, own, and secure their generative AI models. This partnership empowers clients with the autonomy to build custom models, apply their exclusive data for training, and develop unique intellectual property.
The finalization of the acquisition is subject to standard closing conditions, including regulatory approvals.
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