Data management firm Databricks has agreed to purchase generative AI company MosaicML in a deal valued at $1.3 billion. The three-year-old generative AI startup has developed a platform it says makes it “fast, cost-effective, and easy” for companies to train LLMs and deploy tools to use them. MosaicML has privately raised roughly $64 million to date. Its last valuation was $222 million in January, which means it was purchased for a healthy 6x multiple in a move that appears to prime Databricks for what one brokerage calls an “inevitable” IPO. Continue reading Databricks Acquiring OpenAI Competitor MosaicML for $1.3B

Amazon is offering a new service called Bedrock that offers foundation models from AI21 Labs, Anthropic, Stability AI and Amazon, which is introducing two of its own models under its new brand, Titan. The models, which are accessible via API, will allow customers to build and scale generative AI-based applications using pre-trained, off-the-shelf systems that can be customized. Amazon’s Titan line includes a generative LLM that outputs text, the other is an embeddings LLM that translates text to numeric representations that carry the semantic meaning of the text. Embeddings are typically helpful when bridging concepts, like words and images. Continue reading Amazon Intros GenAI Service Bedrock and Its Own Titan LLM

Google has teamed with San Francisco startup Replit in a bid to challenge Microsoft’s GitHub and the Github Copilot code generator launched in conjunction with OpenAI. Under the new partnership, Replit developers will get access to Google Cloud infrastructure, services, and foundation models via Replit’s software development AI, called Ghostwriter, while Google Cloud and Workspace developers will get access to Replit’s collaborative code editing platform. Replit, which says 20 million developers use its platform, launched Ghostwriter in the fall and in January added a conversational AI interface for generating code and debugging. Continue reading Google Cloud Partners with Replit to Develop AI Coding Tools