What Did OpenAI Do This Week?

ROCK(SET) AND MATCH FOR ENTERPRISE?

A busy end to the week with Mira Murati annoying every creative on the planet saying “some creative jobs maybe will go away” due to AI, “but maybe they shouldn't have been there in the first place”. Oh Mira, they are aware. Ooof. However, it’s the news that OpenAI purchased Rockset, the enterprise search and analytics startup that helps customers sift through data, that is the big news. OpenAI used its shares to buy the company in a stock deal that valued Rockset at several hundred millions, making it one of its largest acquisitions by OpenAI to date. The deal is also OpenAI's first integration of technology and staff from an acquisition.

Brad Lightcap, OpenAI COO talked about the deal: “Rockset’s infrastructure empowers companies to transform their data into actionable intelligence. We’re excited to bring these benefits to our customers by integrating Rockset’s foundation into OpenAI products.” ‘Actionable intelligence is the secret sauce OpenAI wants.

The deal aims to help business customers and developers utilise their data more effectively on OpenAI's platform. Some Rockset team members will join OpenAI, though the deal's terms remain undisclosed. Founded by former Facebook employees, Rockset specialises in data retrieval, indexing, and search for various industries. The startup has raised $105 million, including $44 million in a recent round led by Icon Ventures with participation from Sequoia and Greylock.

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