![](https://www.pymnts.com/wp-content/uploads/2024/05/OpenAI-safety.jpg)
OpenAI, known for its ChatGPT technology, continues its aggressive expansion strategy with the recent acquisitions of collaboration platform Multi and database tech startup Rockset. These moves highlight OpenAI’s concerted effort to strengthen its technological arsenal through strategic acquisitions.
Multi, originally founded as Remotion in 2019, specializes in real-time collaborative tools that allow users to share screens and work together on code. Its acquisition by OpenAI, reportedly involving all five of its team members, aims to bolster OpenAI’s capabilities in remote collaboration and AI-driven content summarization, as noted on Multi’s website.
Simultaneously, OpenAI’s acquisition of Rockset is poised to revolutionize its data processing infrastructure. Rockset’s advanced search and database analytics technologies are expected to enhance OpenAI’s capabilities in data ingestion, analysis, and retrieval. This move underscores OpenAI’s commitment to enhancing its enterprise-grade AI solutions.
Related: Apple and OpenAI Partnership Could Prompt EU Antitrust Regulation Revisions
In a parallel development, OpenAI has revised its policy on secondary share sales, granting equal opportunities in annual tender offers to current and former employees and advisors. While current employees will enjoy higher priority, the revised policy aims to ensure fairness in share sales across all eligible participants.
These acquisitions and policy changes mark a significant stride for OpenAI as it intensifies efforts to expand its technological capabilities and solidify its position as a leader in artificial intelligence innovation.
Source: The Hindu
Featured News
NFL Found Guilty of Antitrust Violations in ‘Sunday Ticket’ Trial, Must Pay $4.8 Billion
Jun 27, 2024 by
CPI
StarKist and Former Bumble Bee Foods Owner Settle US Price-Fixing Suit
Jun 27, 2024 by
CPI
Senate Probes Oil Giants for Price-Fixing with OPEC
Jun 27, 2024 by
CPI
Spain to Lodge Anti-Competitive Complaint Against French Rail Operator Ouigo
Jun 27, 2024 by
CPI
Jury Deliberates NFL’s ‘Sunday Ticket’ Class-Action Lawsuit
Jun 27, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Private Equity Roll-Up Schemes
Jun 28, 2024 by
CPI
The FTC’s Focus on Private Equity is Warranted
Jun 28, 2024 by
CPI
Unraveling the Roll-Up: Private Equity’s Misunderstood Investment Strategy
Jun 28, 2024 by
CPI
Antitrust Focus on Private Equity Funds and Serial Acquisitions
Jun 28, 2024 by
CPI
Private Equity Roll-Ups Amidst Heightened Antitrust Enforcement
Jun 28, 2024 by
CPI