Welcome to the Tech Mem Right Home from Monday, June 26th, 2023 I'm Brian McCullough today.

Well, this AI moment is only about six months old, but it looks like the mergers and acquisitions are beginning

in earnest. Wait, we're still worried about 5G interfering with airplanes. Amazon wants your local

florist to deliver your packages in Amazon FTC Kr Fluffle we missed and what are the other

Apple products we can expect in the next year or so here's what you missed today in the world of

tech.

Well you knew the M&A activity had to start hotting up in the AI space at some point, probably sooner rather than later,

Databrics has apparently agreed to acquire generative AI startup

MosaicML in around a 1.3 billion dollar deal which will close in Q2. Mosaic

M. L. launched back in 2021, raised $64 million and has around 62 employees.

Quoting the journal,

Databrics, a data storage and management startup based in San Francisco,

says the deal combines its AI-ready data management technology

with MosaicML's language model platform

enabling businesses to build low-cost language models

themselves with proprietary data.

Right now, most businesses rely on third-party language models

trained on troves of publicly available data access online.

Also based in San Francisco, MosaicML, which was launched in 2021 and will become a standalone service belonging to Databrics,

has been focused on bringing down the cost of using generative AI from tens of millions of dollars to

hundreds of thousands of dollars per model according to Naveen Rao co-founder

and CEO. MosaicML has 62 employees and has raised 64 million million to date.

...