Nvidia AI partner Databricks collects $500 billion fund
Cloud data company Databricks recently concluded a fundraising series, raising $500 million from major investors like T. Rowe, Ghisallo Capital Management, Capital One Ventures, and Ontario Teachers’ Pension Plan. Databricks stated that this new investment was obtained at a valuation of $43 billion and a share price of $73.50. It's noteworthy that Databricks had raised $1.6 billion in Series H funding in 2021 at a valuation of $38 billion. Additionally, Databricks' financial partnership with Nvidia suggests a growing synergy between the two AI corporations, focusing on generative AI for enterprise data. Jensen Huang, Nvidia CEO, emphasized generative AI's significance for enterprise data, commending Databricks for their work in accelerating data processing and generative
AI models using Nvidia technology.For more
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