Databricks Clinches $43 Billion Valuation, Plans More AI Tools

This significant funding round, led by T. Rowe Price and featuring participation from strategic investors Nvidia Corp. and Capital One Financial Corp., underscores Databricks’ unwavering commitment to advancing AI tools. Databricks’ CEO, Ali Ghodsi, expressed his enthusiasm for the strategic partnership with Nvidia, saying, “We’re very excited about this strategic partnership with Nvidia to build custom large language models.” These models are in high demand by corporations eager to harness their capabilities to work with vast data sets and respond to human-phrased queries effectively. Ghodsi added, “This investment lets us double down on our generative AI strategy.”