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The Latest Breaking News from Databricks

Databricks Nears $55 Billion Valuation With New Multi-Billion Dollar Funding

Databricks is raising $5 billion in cash with a $55 billion valuation.

International Business Times

Exclusive: Wherobots, cloud-based geospatial data platform, closes $21.5 million Series A

Wherobots has closed its $21.5 million Series A, led by Felicis, Fortune can exclusively report.

Fortune

Databricks CEO Ali Ghosdi on Snowflake rivalry and the ‘why’ behind Databricks’ latest billion-dollar deal

Databricks just acquired open source-focused data manager Tabular. Though we don’t know the exact contours of the deal, we know it’s north of $1 billion, making it the company’s second billion-dollar deal within 12 months.

Fortune

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Databricks is expanding the scope of its AI investments with second VC fund

The corporate VC fund has already backed 25 AI and data startups.

Fortune

Q2 Investing Outlook: Experts Eye Earnings, Rate Cuts & More

Inflation, interest rates and corporate earnings will be top of mind for investors in the second quarter.

Kiplinger

Elon Musk Weighs In Tucker Carlson's Take on Nancy Pelosi's Stock Picks That Outshine Warren Buffett's

Pelosi's investments, including in tech firms like Databricks and Nvidia, prompt scrutiny amid allegations of conflicts of interest.

International Business Times UK

'What if the operating system is the problem': Linux was never created for the cloud — so engineers developed DBOS, a new operating system that is part OS, part database

DBOS is an operating system on top of a database with features like reliable execution and time travel.

TechRadar

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Databricks invests in Mistral, announces AI tie-up

Buzzworthy French startup lands Databricks strategic partnership weeks after landing further big investment.

TechRadar

2024 IPO outlook: The blockbuster is (mostly) dead

IPO discourse has always been messy and prone to extremes, but it’s time to rethink some of the language we’re using.

Fortune

Should You Buy, Hold, or Explore Alternatives for These 3 Chip Stocks

The chip industry is growing due to the growing usage of chips in hardware to leverage advanced technologies. Therefore, let’s assess the ability of Intel (INTC), Tokyo Electron (TOELY), and Broadcom (AVGO) to capitalize on the industry trends. Read on….

StockNews.com

Intel Corporation (INTC) vs. ASE Technology (ASX) - Analyzing the Dominant Chip Stock

Amid rising chip demand across sectors and the integration of AI, the chip industry’s prospects appear promising. Chip stocks, Intel (INTC) and ASE Technology (ASX) are well-positioned to benefit from the industry tailwinds. However, which of these is the dominant chip stock? Read more to find out.

StockNews.com

Databricks CEO thinks we’re on the verge of an ‘intelligence revolution’

The data analytics company is seeing ‘huge demand’ in its business right now, but does not have a timeline for an IPO.

Fortune

T. Rowe Price, Nvidia, a16z invest in Databricks

The $500 million round comes on the heels of a big acquisition for Databricks.

Fortune

The inside story of how one of the biggest A.I. deals of the year came together, told by the CEOs

Databricks was interested in an acquisition—but first MosaicML’s CEO had to be convinced that he wouldn’t be buried in bureaucracy.

Fortune

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Fortune

How a chance meeting between two A.I. CEOs led to a $1.3 billion deal

A new Fortune report details the story behind Databricks’ acquisition of MosaicML.

Fortune

A chance meeting between two CEOs ended up sparking one of the biggest A.I. deals of the year.

Fortune

Databricks says it’s buying MosaicML in a bid to ‘democratize A.I.’

MosaicML’s venture investors aren’t cashing out with the sale, but early backers are on track to make “significant double-digit cash-on-cash returns” when Databricks does exit.

Fortune

Can Perplexity's A.I.-powered search chatbot win the new search wars?

The company, whose investors include Meta's Yann LeCun and Google's Jeff Dean, will offer ability to hone searches and different output formats to registered users

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Fortune

What is Databricks really worth?

Databricks says it’s cut its internal valuation about 10%—some of its investors haven’t been as forgiving.

Fortune

Read 2 of Databricks’ pitch decks

The data management startup has raised billions of dollars from a16z and others. Here’s how the team first pitched investors on their cloud-based vision.

Fortune

How Databricks became an A.I. sensation

Databricks placed a huge bet on the power of machine learning 10 years ago. That’s positioned the company as a rarity in the current market: a stable decacorn.

Birmingham Post

US software giant Databricks invests in cloud data firm Matillion

Databricks is headquartered in San Francisco and was founded by the original creators of Apache Spark

Benzinga

Why VC Investments are Not About Startups Anymore

If you’ve watched "Pirates of Silicon Valley'' or “The Social Network,” you might remember a common message: any innovation or big company starts small. A deeper analysis of the movies reveals the distorted image of an innovative company among investors.

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