Databricks acquires OpenAI rival MosaicML for $1.3B.

Databricks has acquired MosaicML, an open-source startup with neural networks expertise, for $1.3 billion. MosaicML has built a platform for organizations to train large language models and deploy generative AI tools based on them. The deal will see MosaicML become a part of the Databricks Lakehouse Platform, providing generative AI tooling alongside the Databricks’ existing multi-cloud offerings. The acquisition highlights the demand for talent and tech in the AI space, and there is likely to be more M&A coming in this space.