Meta backs data analytics firm Databricks as AI boom attracts investors

Meta backs data analytics firm Databricks as AI boom attracts investors
yahoo.com

by Reuters • 14 days ago

Meta Platforms has invested in Databricks as part of a $10 billion funding round to enhance the data analytics startup's growth and product development. This funding values Databricks at $62 billion and includes a $5.25 billion credit facility led by major banks. Databricks, which helps users build AI applications, collaborates with Meta's Llama team, emphasizing the partnership's importance as interest in AI technologies surges among investors.

Summarized in 80 words

Latest AI Tools

More Tech Bytes...