MosaicML has created its foundational models for the service. Credit: metamorworks via Shutterstock.

MosaicML, a generative artificial intelligence (AI) solutions provider has launched a new service to compete with the likes of OpenAI on price.

Called MosaicML Inference, the new offering is aimed at enterprise customers to aid them in training and deploying generative AI-powered solutions.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

With the rise in popularity of large models like ChatGPT and Stable Diffusion, organisations are increasingly looking to leverage these technologies.

According to MosaicML, while these solutions are apt for those unconcerned with cost and willing to share data, building and hosting own models can be a cost-effective alternative for organisations with strict data privacy requirements.

The San Francisco-based firm says it is making technology accessible to all organisations at a price up to 15 times lower than what is offered by its rivals.

Speaking to Reuters, MosaicML CEO Naveen Rao said: “We understand how to make these things very optimised. So do they. There is a lot of margins built into this stuff, and at 15 times cheaper, we are still making money on it.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

MosaicML has created its foundational models to support its new service, similar to the technology behind chatbot-enabled products from Microsoft and Google.

MosaicML, like its competitors, will provide its technology on rent to customers.

However, unlike most of them, MosaicML will also give its code to customers so that they can run it on their hardware, thereby keeping their data confidential from MosaicML.

According to Rao, due to data privacy concerns, many corporate customers prefer this approach as much of the value of an AI system comes from the data used to train it.

“People buy us because we can do things on their private data. They have assurances that the model that’s built on the private data is owned by them,” Rao added.