The AI Daily Brief (Formerly The AI Breakdown): Artificial Intelligence News and Analysis AI M&A: Billion Dollar Acquisitions Reshape AI Landscape
Jun 28, 2023
Big moves in the AI world are shaking things up! Databricks just spent $1.3 billion on Mosaic ML to enhance language models. Meanwhile, millennials and Gen Z show heightened engagement with AI, mixed with excitement and concern about regulation. New educational models are emerging, along with Waldo 2.0, a drone detection AI. Plus, there's even an intriguing project using AI to decode whale songs. The landscape of AI is rapidly evolving, with acquisitions driving innovation!
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Enterprise AI and Data Security
- Databricks acquired MosaicML for $1.3B to bring LLMs to enterprise customers.
- This highlights the trend of enterprises wanting to train their own models due to data security concerns.
AI Acquisitions for Faster Integration
- Ramp acquired Cohere.io to quickly integrate AI into its platform.
- This exemplifies the increasing trend of established companies acquiring AI startups for faster integration.
Legal AI Acquisition
- Thomson Reuters acquired CaseText for $650M, signaling a growing focus on legal AI.
- This acquisition follows their CFO's announcement of significant AI investment.