Databricks' VP of AI, Naveen Rao, told Command Line that there are likely less than 1,000 people capable of building frontier AI models.

The Snowflake vs Databricks rivalry is intensifying. Databricks recently raised $10 billion in one of its largest funding rounds ever. The leading data and AI company is expected to go public next year,

For my last issue of the year, I’m focusing on the AI talent war, which is a theme I’ve been covering since this newsletter launched almost two years ago. And keep reading for the latest from inside Google and Meta this week.

Databricks has secured a $62 billion valuation after raising a whopping $10 billion in one of the largest venture capital funding rounds in history, underscoring the unprecedented appetite for fast-growing private companies that have seen accelerated growth due to AI.

The $10 billion investment (which included OpenAI investors Thrive Capital and Andreessen Horowitz) is one of the largest venture rounds in history, and is equal to the largest single investment in the AI space—Microsoft’s $10 billion investment in OpenAI early last year.

Databricks just closed one of the largest funding rounds ever, raising a staggering $10 billion in fresh capital. Naturally, technology investors were

Meanwhile, Perplexity raised $500 million for its AI search and immediately bought AI startup Carbon. And continuing the AI funding bubble boom, Sandbox AQ raised $300 million. But the business is real, as AI is expected to drive enterprise tech upside next year.

The hyperscalers, cloud builders, HPC centers control the design and manufacturing of own AI infrastructure. They have big bucks, and they can afford to

The company, with its flagship Databricks Data Intelligence Platform offering, also said that it has more than 500 customers each consuming an over $1 million annual run rate and the company’s Databricks SQL intelligent data warehouse has achieved a $600 million annual revenue run rate.

As the AI industry continues to evolve, Databricks is poised to play a central role in enabling organizations to adopt AI-driven strategies and achieve transformational outcomes. Its record-setting valuation and successful funding round serve as a strong vote of confidence from investors and highlight the company’s immense potential.

Cloud data platform provider Databricks Inc. today announced that it’s raising a very late-stage $10 billion funding round at a $62 billion valuation.

Databricks raises $10 billion in oversubscribed funding round Funding to support employee stock cash-out, AI talent hiring, and M&A Dec 17 (Reuters) - Databricks has secured a $62 billion ...