Databricks

Databricks raised $5 billion at a $190 billion valuation after demand exceeded its plan, funding costly AI research, cloud commitments, and acquisitions.

Clear Street is offering eligible investors pre-IPO access to Databricks, underscoring surging demand for private AI leaders before public listings.

Thinking Machines Lab’s first model, Inkling, is now available on Databricks, signaling an early push to reach enterprise AI teams through customization.

Databricks will make GLM 5.2 its default coding model after internal tests found Opus-like performance at lower per-task cost on real codebase work.

Naveen Rao, formerly head of AI at Databricks, launched Unconventional AI, which promises to make inference processing vastly more power-efficient using novel hardware.

Data analytics and AI company Databricks announces $7 billion in new investments including $5 billion equity and $2 billion debt, more than doubling its valuation to $134 billion in 13 months.

Ali Ghodsi argues AI won't replace SaaS apps instantly but will enable new competitors to challenge incumbents through AI-driven workflows and automation.