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

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

Andy Konwinski is offering the hefty prize to anyone who can get an open source AI model to score up to 90% on a benchmark that tests coding ability.

The massive funding round for the 11-year-old San Francisco-based “data intelligence platform” will be used to accelerate its AI efforts, with co-founder and CEO Ali Ghodsi telling Fortune this week that he’s in a “war for AI talent right now” against the likes of OpenAI, Anthropic and others.

Databricks is nearly finishing collecting $10 billion for its Series J founding round.

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 ...