OpenAI is making acquisitions.
Days after buying database expertise firm Rockset, OpenAI acquired Multi (previously Remotion), a startup creating an enterprise-focused, video-first collaboration platform. An individual acquainted with the matter mentioned that the deal is technically an acquisition and that many of the Multi staff (about 5 individuals) will be part of OpenAI after the transaction closes.
Alexander Embiricos, CEO and co-founder of Multi, mentioned Multi will shut after July 24, 2024.
“We’re very excited to announce that Multi is becoming a member of OpenAI,” he wrote in a put up on the Multi weblog. “Thanks to everybody who makes use of Multi. It has been a privilege to work with you and we have realized rather a lot from you.
Embiricos (a former Dropbox product supervisor) and Multi’s second co-founder Charley Ho (a former Google software program engineer) labored with Multi to construct a Zoom-based platform designed for distant groups to collaborate over video chat. Multi provides options akin to cross-screen sharing for collaboration with as much as 10 individuals concurrently, customizable shortcuts, and computerized deep linking of code, designs, and paperwork.
Previous to at this time’s exit, Multi raised $13 million in funding from enterprise capital companies together with Greylock and First Spherical Capital, in line with Crunchbase information.
Just like the Rockset acquisition, the Multi deal seems to be in step with OpenAI’s broader technique of doubling down on enterprise options of late. OpenAI lately revealed that the enterprise tier of its viral synthetic intelligence chatbot platform, ChatGPT, has almost 600,000 customers, overlaying 93% of Fortune 500 firms.
In Could, OpenAI signed an settlement with PricewaterhouseCoopers to resell OpenAI’s instruments to different firms. The earlier month, the corporate launched a business-oriented custom-made synthetic intelligence mannequin tuning and consulting plan.
These strikes seem like paying off, with OpenAI reportedly set to earn greater than $3.4 billion in annual income this yr.
Likewise, will we someday see an improved ChatGPT with video conferencing and distant collaboration capabilities for enterprise organizations? maybe. I would not put it above OpenAI – particularly with the prolonged lag between its flagship fashions.
