New Delhi, June 25: OpenAI, the company behind the AI chatbot ChatGPT, has made another acquisition. This time, they have purchased Multi, previously known as Remotion, a startup that developed an enterprise-focused, video-first collaboration platform.

As per a report of TechCrunch, OpenAI has purchased Multi, a few days after acquiring database tech firm Rockset. Alexander Embiricos, the CEO and Co-founder of Multi, announced that the platform will cease operations after July 24, 2024, expressing excitement about joining with OpenAI. Alexander Embiricos said "Thank you to everybody who used Multi. It was a privilege building with you, and we learned a ton from you." OpenAI Acquires Rockset To Enhance Real-Time Data Analytics and Search Capabilities.

The acquisition aligns with OpenAI's strategic focus on enhancing its enterprise offerings. The company's corporate tier of ChatGPT has achieved considerable success by reaching nearly 6,00,000 users and 93% of the Fortune 500 companies. Prior to Monday's exit, Multi raised USD 13 million in cash from venture capitalists, including Greylock and First Round Capital.

About Multi

Multi is a collaboration platform that goes beyond the standard screen sharing experience. Multi allows up to 10 people to collaborate simultaneously on the same screen share, which enables seamless teamwork, whether you're working on code, designs or documents. Multi, led by Alexander Embiricos, a former Dropbox product manager and another co-founder Charley Ho, a former Google software engineer developed a Zoom-based tool that facilitated remote team collaboration through video chats. Apple DMA Violation: Tech Giant Becomes First To Violate EU’s Digital Markets Act Rules As per Latest Investigation Launched by Commission.

The platform allows its users with the ability to customise shortcuts, which helps to streamline workflows and improve productivity by allowing quick access to frequently used features and tools. Multi's deep linking feature automatically generates shareable links for code, designs and documents. Multi creates a highly efficient and versatile collaboration environment, empowering teams to work together more effectively and seamlessly on a wide range of projects and tasks.

(The above story first appeared on LatestLY on Jun 25, 2024 08:52 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).