Snowflake, a data platform company, was in talks to acquire Reka AI, an AI startup, for over $1 billion. Reka AI was founded by scientists and engineers from DeepMind, Google Brain, and FAIR. However, the deal has broken down, halting Snowflake's efforts to enhance its generative AI capabilities.
Sources: Snowflake's talks to acquire Reka AI, which builds LLMs for businesses, for more than $1B have broken down (Bloomberg) https://t.co/OBIqMFHEbn 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/ivWbElPubK
Snowflake’s $SNOW talks to acquire startup Reka AI for more than $1 Billion have reportedly broken down - Bloomberg
$SNOW Snowflake deal to acquire Reka AI for $1bn has apparently has broken down...unclear who backed out and why... Snowflake earnings are coming out on Wed $SNOW released its own large language model called Arctic in April...Reka was started in 2022 by $GOOG & $META engineers
Snowflake’s talks to acquire startup Reka AI for more than $1 billion have broken down, dashing an effort to bring more generative AI technology in-house https://t.co/keQO5P8HyO
Snowflake mulls $1b Reka buy to expand AI capabilities: sources https://t.co/ftYSwVmVue
📊 🔍 Data platforms Snowflake and Databricks acquiring model developers: Reka AI and MosaicML 🚀🔧 Profiling the expansion of data platforms Snowflake and Databricks into model development via their acquisitions of Reka AI ($1B) and MosaicML ($1.3B)
Report: Snowflake in talks to acquire LLM developer Reka AI for $1B+ https://t.co/aJ9pUfPGQ3
“Snowflake Is in Talks to Buy Reka AI for $1 Billion” @rachelmetz 👀 https://t.co/PZnpOhWewU
Snowflake is in talks to acquire Reka AI for over $1 billion #AI #artificialintelligence #Investment #llm #machinelearning #RekaAI #SnowflakeInc https://t.co/wrDsBhf7zl https://t.co/khfcngHUYa
Snowflake is acquiring Reka AI for over $1 billion. Reka was founded by scientists and engineers from DeepMind, Google Brain, and FAIR. While they have powerful models, they haven't become the first choice for enterprises or end users, as far as I know. Last year, Snowflake's… https://t.co/8JK0L99j4e
Snowflake is reportedly in talks to acquire AI startup Reka AI for over $1 billion in a move to boost its generative AI innovation and capabilities. https://t.co/MP5ZnXQglB
$SNOW (-0.3% pre) Snowflake in talks to purchase Reka AI for $1B - Bloomberg https://t.co/QFKSYuH1ma