Databricks acquires generative AI platform MosaicML for about $1.3 bn

US-based data and AI company Databricks has entered into a definitive agreement to acquire MosaicML, a leading generative AI platform for approximately $1.3 billion.

With this acquisition, the company said it will make generative AI accessible for every organisation, enabling them to build, own and secure generative AI models with their own data.

“Databricks and MosaicML’s shared vision, rooted in transparency and a history of open source contributions, will deliver value to our customers as they navigate the biggest computing revolution of our time,” Ali Ghodsi, Co-Founder and CEO, Databricks, said in a statement.