Databricks’ $1.3 billion stock acquisition of MosaicML aims to give startups and corporations the freedom to build their own A.I. models without being chained to Big Tech.
Generative A.I. has emerged as one of the hottest areas for venture investments, seeing $12.37 billion in VC funding so far in 2023, according to PitchBook. In January, Microsoft invested $10 billion in OpenAI, which owns the popular A.I. tool ChatGPT. Microsoft is one of the big players in the space, along with some familiar rivals: Alphabet, Amazon, and Meta. Nvidia, which makes chips for computers that run A.I. models, is also positioning itself to be at the center of the boom—its shares have soared 189% since January.
