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OpenAI Acquires Multi: A Leap Forward in Remote Collaboration

OpenAI, the renowned company behind ChatGPT, has recently acquired Multi, a startup specializing in video-first collaboration platforms for enterprises. This acquisition follows closely on the heels of OpenAI’s purchase of Rockset, a database technology firm, highlighting OpenAI’s strategic push to bolster its enterprise solutions offering.

Founded by Alexander Embiricos (formerly of Dropbox) and Charley Ho (formerly of Google), Multi developed a platform that enables remote teams to collaborate via video calls, sharing screens and documents in real-time. The platform, which will officially shut down on July 24, raised $13 million from notable investors such as Greylock and First Round Capital.

OpenAI’s decision to acquire Multi fits into a broader strategy of investing heavily in enterprise solutions. Recently, OpenAI launched a suite of custom AI tools for businesses and signed a deal with PwC to resell its AI tools. Through these acquisitions, OpenAI aims to integrate advanced technologies to enhance collaboration and efficiency for corporate teams, leveraging its AI capabilities.

These strategic moves are already paying off. OpenAI expects to surpass $3.4 billion in revenue by the end of the year, with increasing adoption of its AI tools by enterprises, including 93% of the Fortune 500 companies. OpenAI’s recent valuation soared to $86 billion, underscoring the importance of its technologies in today’s competitive landscape.

The acquisition of Multi by OpenAI not only strengthens OpenAI’s position in the enterprise solutions sector but also demonstrates its ability to integrate advanced collaboration technologies with its AI solutions. This development could lead to a future version of ChatGPT with videoconferencing and remote collaboration capabilities, aligning modern business needs with the potential of AI.

Highlights

• OpenAI Acquires Multi: Strategy to enhance enterprise collaboration solutions.
• Integrated Technologies: Video-first collaboration platform with advanced features.
• OpenAI’s Growth and Revenue: Projected revenue exceeding $3.4 billion.
• Market Valuation: OpenAI reaches a valuation of $86 billion.