Bloomberg.com: OpenAI to Acquire Neptune for AI Model Training
Photo by Marija Zaric on Unsplash
OpenAI is acquiring Neptune, a Warsaw-based startup specializing in AI model training analysis, marking OpenAI's first investment in Eastern Europe. The deal will involve exchanging OpenAI stock for Neptune. Although undisclosed by OpenAI, reports suggest the acquisition price is under $400 million.
Key takeaways
- OpenAI is set to acquire Neptune, a Warsaw-based startup that provides tools for analyzing the progress of AI model training
- This acquisition represents OpenAI's initial investment in an Eastern European company
- The transaction will involve an exchange of OpenAI stock for Neptune
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