Data management firm Rubrik is set to acquire Predibase, a company specializing in AI model deployment. The acquisition, reported by CNBC, is valued between $100 million and $500 million. Rubrik announced the deal on Wednesday, signaling its intent to expand its capabilities in the rapidly growing field of artificial intelligence. The move will allow Rubrik to integrate Predibase's expertise in AI model deployment into its existing data management solutions, potentially offering customers a more comprehensive suite of services. This acquisition underscores the increasing importance of AI in data management and Rubrik's commitment to staying competitive in the market.