Databricks, a company specializing in artificial intelligence, has secured a significant investment round. The company's valuation has increased to $190 billion following the deal. Databricks' CEO, Ali Ghodsi, cited the high cost of AI technology as a reason for the investment. The company had initially planned to raise $1 billion but received interest from investors totaling $15 billion. The final agreement was for $5 billion. This development highlights the growing interest in AI technology and the significant investments being made in the sector.
Databricks Secures $5 Billion Investment at $190 Billion Valuation
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