Determined AI

determined.ai →

-81%

est. 2Y upside i

AI & MLSeries A

Open source deep learning training platform for model development

Rank

#3785

Sector

Artificial Intelligence (AI)

Est. Liquidity

~0Y

Data Quality

Data: Medium

Determined AI was acquired by Hewlett Packard Enterprise (HPE) in June 2021, meaning new equity grants are tied to HPE's stock performance.

Last updated: March 10, 2026

Bull (10%)+75%

HPE's aggressive AI strategy, particularly leveraging Determined AI's MLOps platform and its HPC leadership, gains significant traction, leading to substantial market share capture in the rapidly growing AI infrastructure market. This drives HPE's revenue growth to exceed 25% annually, pushing its market capitalization to over $50 billion within two years, representing a strong return for equity holders.

Base (50%)+20%

HPE maintains its position in the enterprise IT market, with Determined AI contributing steadily to its Ezmeral and GreenLake AI/ML offerings. Revenue grows in line with analyst expectations (16-18% YoY), and HPE's stock sees modest appreciation, reaching a market capitalization of approximately $35 billion, reflecting incremental growth and stable operations.

Bear (40%)-30%

HPE struggles to effectively compete with dominant cloud providers (AWS, Google, Microsoft) in the MLOps space, and its overall enterprise business faces headwinds or fails to achieve profitability targets. This leads to investor skepticism and a decline in HPE's stock price, reducing its market capitalization to around $20 billion, impacting equity value for employees.

Est. time to liquidity~0.0 years

Adjusted for competitive dynamics: 11% (raw: -81%, adjustment: +5%)

Preference Stack Risk

low

As a public company, new equity grants are in the form of Hewlett Packard Enterprise (HPE) common stock or RSUs, which are not subject to the liquidation preferences typically associated with private company preferred shares.

Dilution Risk

moderate

Dilution occurs from ongoing employee stock grants and potential future share issuances, but this is a standard practice for public companies and is reflected in the market capitalization.

Secondary Liquidity

active

HPE stock is publicly traded on the NYSE, providing active and immediate liquidity for vested equity.

Questions to Ask at the Interview

Strategic questions based on Determined AI's data — designed to show you've done your homework.

1
“Given the intense competition from hyperscalers like AWS, Google, and Microsoft in MLOps, how does HPE plan to differentiate and win market share with Determined AI and Ezmeral ML Ops, particularly for customers not fully committed to a single public cloud?”
2
“HPE's strategy emphasizes hybrid cloud and edge AI. How do you see Determined AI's open-source platform driving adoption and revenue growth within HPE's broader GreenLake and HPC offerings over the next 2-3 years?”
3
“As an employee receiving HPE equity, what are the key performance indicators or strategic milestones for the Determined AI product line that would signal significant upside potential for HPE's stock in the coming years?”