OpenAI Acquires Multi

OpenAI is on an acquisition spree.

Just days after acquiring the database technology firm Rockset, OpenAI has purchased Multi (formerly known as Remotion), a startup that developed an enterprise-focused, video-first collaboration platform. According to a source familiar with the matter, this acquisition is technically an acqui-hire, with most of Multi’s team—approximately five people—joining OpenAI once the deal is finalized.

Alexander Embiricos, Multi’s CEO and co-founder, announced that Multi will cease operations after July 24.

He wrote in a post on Multi’s blog, “We’re beyond excited to share that Multi is joining OpenAI Thank you to everybody who used Multi. It was a privilege building with you, and we learned a ton from you.”

With Multi, Alexander Embiricos (a former Dropbox product manager) and Charley Ho (a former Google software engineer) aimed to create a Zoom-like platform for remote team collaboration through video chats. Multi’s features included the capability to collaborate on screen shares with up to 10 participants simultaneously, customizable shortcuts, and automatic deep links for code, designs, and documents.

https://t.co/KU0AroW1tQ

According to Crunchbase, Multi raised $13 million from venture capitalists, including Greylock and First Round Capital, prior to its acquisition on Monday.

Similar to the Rockset acquisition, the Multi deal aligns with OpenAI’s recent strategy of heavily investing in enterprise solutions. OpenAI recently disclosed that the corporate tier of its popular AI-powered chatbot platform, ChatGPT, has nearly 600,000 users, including more than 92% of all Fortune 500 companies.

In May, OpenAI signed an agreement with PwC to resell its tools to other businesses. The previous month, OpenAI launched a custom AI model tuning and consulting program specifically for business clients.

These enterprise-focused moves seem to be yielding significant results, with OpenAI’s revenue projected to surpass $3.4 billion this year, according to The Information.

Given OpenAI’s other corporate-focused initiatives, it’s plausible that we might see an enhanced version of ChatGPT featuring videoconferencing and remote collaboration capabilities in the future. Considering the increasing intervals between the releases of its flagship models, this wouldn’t be surprising.