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OpenAI Expands through Acquisition Spree with Multi and Rockset Purchases

 |  June 25, 2024

OpenAI, known for its ChatGPT technology, continues its aggressive expansion strategy with the recent acquisitions of collaboration platform Multi and database tech startup Rockset. These moves highlight OpenAI’s concerted effort to strengthen its technological arsenal through strategic acquisitions.

Multi, originally founded as Remotion in 2019, specializes in real-time collaborative tools that allow users to share screens and work together on code. Its acquisition by OpenAI, reportedly involving all five of its team members, aims to bolster OpenAI’s capabilities in remote collaboration and AI-driven content summarization, as noted on Multi’s website.

Simultaneously, OpenAI’s acquisition of Rockset is poised to revolutionize its data processing infrastructure. Rockset’s advanced search and database analytics technologies are expected to enhance OpenAI’s capabilities in data ingestion, analysis, and retrieval. This move underscores OpenAI’s commitment to enhancing its enterprise-grade AI solutions.

Related: Apple and OpenAI Partnership Could Prompt EU Antitrust Regulation Revisions

In a parallel development, OpenAI has revised its policy on secondary share sales, granting equal opportunities in annual tender offers to current and former employees and advisors. While current employees will enjoy higher priority, the revised policy aims to ensure fairness in share sales across all eligible participants.

These acquisitions and policy changes mark a significant stride for OpenAI as it intensifies efforts to expand its technological capabilities and solidify its position as a leader in artificial intelligence innovation.

Source: The Hindu