MosaicML is a generative AI platform that enables enterprises to build their own AI. It is known for its state-of-the-art MPT (or MosaicML pre-trained transformer) large language models (LLMs).
Data and artificial intelligence (AI) company Databricks has entered into a definitive agreement with MosaicML for US$1.3 billion ($1.76 billion) on June 26. The deal was paid with a mix of cash and stock in Databricks.
The news comes after the company crossed its US$1 billion revenue goal for the FY2023 ended Jan 31, on June 14.
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