OpenAI acquires Rain AI patents after takeover talks fail

OpenAI has acquired patent assets from AI chip startup Rain AI after earlier negotiations to buy the company ended without an agreement, according to The Information. Summary OpenAI acquired some Rain AI patents, but the financial terms and number of assets were not disclosed. Earlier negotiations for a complete takeover failed to produce a deal, leaving Rain AI close to shutting down. Rain AI developed energy-efficient chips for AI workloads and previously secured backing from Sam Altman. The transaction expands OpenAI’s hardware assets as advanced computing capacity becomes a strategic priority. OpenAI buys Rain AI patents after failed takeover OpenAI purchased some of Rain AI’s patents after the companies were unable to complete a broader acquisition, The Information reported. Neither company has publicly disclosed the price, the number of patents transferred, or the technologies covered by the transaction. Rain AI has nearly ceased operating following the failed takeover talks, according to the report. Most of its employees have also left the startup, although it remains unclear whether any former Rain AI staff joined OpenAI as part of a separate arrangement. The deal allows Op...