Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks has remade its image into an AI company and has published research on the cost savings of open weight AI models ...

Instead of an IPO, Databricks heads for fourth round of fund raising in less than a year

Databricks was a hot IPO candidate, but now its raising its fourth round of private investment in the past year.
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Databricks hits $188bn valuation in Coatue-led round, landing above its own $175bn talks

Databricks has reached a $188bn valuation in a Coatue-led round, above the $175bn it was in talks to raise at, and still in no rush to go public.

Applied Computing wants to give oil and gas operators an AI model for the entire plant

Applied Computing has raised a $20M Series A to build a foundation AI model for the oil, gas and petrochemical industry.