2023-07-21 12:03:36
Posted Jul 21, 2023, 11:20 a.m. Updated Jul 21, 2023, 2:03 p.m.
It was a chance meeting that led to a deal worth more than a billion dollars. Databricks boss Ali Ghodsi, 44, and MosaicML boss Naveen Rao, 48, didn’t know each other until they happened to attend the same AI conference in San Francisco in late March. The two entrepreneurs then had dinner together, realized they had a lot in common, and agreed to merge their businesses.
Less than four months following this meeting, that “Fortune” recounts in detail, it is an operation worth more than a billion dollars which has just been finalized on the teeming market of generative artificial intelligence. Databricks, specializing in data analysis and Big Data, announced on Wednesday that it had acquired the start-up MosaicML for 1.3 billion dollars.
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