Model N, a platform used by companies such as Johnson & Johnson, AstraZeneca, and AMD to automate decisions related to pricing, incentives, and compliance, is going private in a $1.25 billion deal.
Vista Equity Partners is doling out $30 per share in the all-cash transaction, representing a 12% premium on Friday’s closing price, and 16% on its 30-day average.
Founded in 1999, Model N’s software integrates with various data sources and internal systems to help companies analyze trends, pricing efficacy, market demand, and more.
The platform is typically used in industries such as pharmaceuticals and life sciences, where there may be complex pricing structures, and where regulatory or market changes can impact business.
However, its valuation has generally hovered below the $1 billion market for the past six months, sparking Vista Equity Partners into action today.
Earlier this year, GitHub rolled out Copilot Chat, a ChatGPT-like programming-centric chatbot, for organizations subscribed to Copilot for Business.
Copilot Chat more recently came to individual Copilot customers — those paying $10 per month — in beta.
“And code complete was just the beginning.”Little else about Copilot Chat has changed since the beta.
Developers can prompt Copilot Chat in natural language to get real-time guidance, for example asking Copilot Chat to explain concepts, detect vulnerabilities or write unit tests.
Like all generative AI models, the model underpinning Copilot Chat, GPT-4, was trained on publicly available data — some of which is copyrighted or under a restrictive license.
Confluent, HashiCorp and MongoDB, for example, will provide data to train Duet AI for Developers to help developers with writing code for their platforms.
Google’s overall story around its AI coding tools is essentially the same as from every other vendor.
For now, the company only said that Turing, an ‘AI-powered tech services company,” saw a 33% productivity gain after adopting Duet AI for Developers.
Duet AI for Developers currently supports over 20 languages, including C, C++, Java, JavaScript and Python.
Until the end of January 2024, Duet AI for Developers will be available for free.
