OpenAI expands into enterprise solutions with acquisition of Multi video collaboration platform. Deal comes after recent purchase of Rockset.
OpenAI, a known intelligence company has recently expanded its reach by acquiring Multi, a startup specializing in video centric collaboration tools for businesses. This acquisition follows closely on the heels of OpenAIs purchase of Rockset, a company specializing in database technology showcasing the firms push into the corporate solutions sector.
As, per an insider with the situation the acquisition of Multi is primarily aimed at acquiring talent with most of the startups team expected to join OpenAI. Multis platform, which is integrated with Zoom offers features such as collaborative screen sharing for groups of up to 10 individuals, personalized shortcuts and automatic links for sharing code snippets, designs and documents. Prior to this acquisition Multi had secured $13 million in funding from venture capital firms, like Greylock and First Round Capital.
OpenAIs recent focus, on enterprise solutions is exemplified by its acquisition of Multi. The corporate tier of their AI chatbot, ChatGPT is widely used, counting 600,000 users from companies, including 93% of Fortune 500 firms. OpenAI has also partnered with PwC to distribute its tools to businesses. Initiated a program for custom AI model optimization and consulting.
These strategic initiatives have been successful for OpenAI as their revenue is projected to exceed $3.4 billion this year. With the intervals between the release of OpenAIs flagship models increasing it is possible that we may soon witness a version of ChatGPT with features like video conferencing and remote collaboration capabilities further solidifying the companys presence, in the enterprise AI market.