HPE Acquires Determined AI to Accelerate ML Training Capabilities

The News: HOUSTON – June 21, 2021 – Hewlett Packard Enterprise (NYSE: HPE) today announced that it has acquired Determined AI, a San Francisco-based startup that delivers a powerful and robust software stack to train AI models faster, at any scale, using its open source machine learning (ML) platform. HPE will combine Determined AI's unique software solution with its world-leading AI and high performance computing (HPC) offerings to enable ML engineers to easily implement and train machine learning models to provide faster and more accurate insights from their data in almost every industry. Analyst Take: HPE opened up its big Discover 2021 week with a handful of announcements. The deal size wasn't disclosed, but I immediately see this deal as a strategic capability to add to the company's HPC and AI portfolio and something that will be well suited to be incorporated into the company's as-a-service ambitions. Furthermore, the Determined AI acquisition comes at an opportune moment as HPE continues to accelerate the process of transforming its entire portfolio to consumption services as part of its GreenLake portfolio.