In a nine-figure stock transaction, OpenAI reportedly acquires database analytics company Rockset.

Microsoft-backed OpenAI has acquired search and database analytics startup Rockset to provide better infrastructure for its enterprise products, ChatGPT creator OpenAI announced on Friday. OpenAI used its stock to acquire the company in a stock deal that values Rocket in the hundreds of millions of dollars, people familiar with the matter said, and is one of the largest acquisitions for the fast-growing artificial intelligence lab. OpenAI declined to comment on the details of the agreement. The company was last valued at $86 billion earlier this year in a takeover bid for investors. Rockset, founded by former Meta engineers, builds databases for real-time search and analysis using artificial intelligence in chatbots and anomaly detection applications.

Rockset said it raised $105 million in funding last year with support from Greylock, Sequoia Capital and Hewlett Packard Enterprise Ventures.

Microsoft-backed OpenAI has acquired search and database analytics startup Rockset to provide better infrastructure for its enterprise products, ChatGPT creator OpenAI announced on Friday. Both companies did not disclose the volume of the transaction. According to the sources known to the case, the Open bought the company's shares with a one -million -dollar share transaction in shares, noting that this is one of the largest growth in AI laboratory growth growth. OpenAI declined to comment on the details of the agreement. The company was last valued at $86 billion earlier this year in a takeover bid for investors. The rocket was founded by Meta former engineers to create real search and analysis databases.

With the support of Greylock, Sequoia and Hewlett Packard Enterprise, the farm's farm farm said it announced last year it raised a total of $ 105 million. why is it important

Rockset announced that its team will join OpenAI, the technology that will power the product retrieval infrastructure of the company that created ChatGPT.This means that Rockset's expertise in real-time data processing and vector searches will improve OpenAI's ability to quickly access and analyze large amounts of information, potentially leading to faster and more accurate answers from AI models as the company tries to sell tools that can quickly index and search its data . OpenAI hopes to build on the success of its consumer product ChatGPT by expanding its offering to stay ahead of the curve.OpenAI has marketed ChatGPT Enterprise, the enterprise version of its chatbot, and its AI services, known as APIs, to senior executives at large companies. It is also integrating new features into ChatGPT and developing new AI models to fend off competition from the likes of Alphabet's Google and Anthropic.

Reuters reported last month that OpenAI has developed a search engine product that could compete with Google and artificial intelligence search startup Perplexity.