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Data management software vendor Rubrik
said Wednesday that it’s buying Predibase, a startup that helps with the deployment of artificial intelligence models.
Terms of the deal weren’t disclosed, but a person familiar with the transaction said Rubrik intends to pay between $100 million and $500 million. The person asked not to be named because the numbers are private.
Rubrik is acquiring its way into the red-hot AI market. Cloud infrastructure providers are generating billions of dollars from renting out Nvidia
