The Latest Breaking News from Databricks

Amid rising chip demand across sectors and the integration of AI, the chip industry’s prospects appear promising. Chip stocks, Intel (INTC) and ASE Technology (ASX) are well-positioned to benefit from the industry tailwinds. However, which of these is the dominant chip stock? Read more to find out.

The data analytics company is seeing ‘huge demand’ in its business right now, but does not have a timeline for an IPO.

Artificial intelligence news this week came from software companies Snowflake and Databricks as well as investment firm BlackRock.

MosaicML’s venture investors aren’t cashing out with the sale, but early backers are on track to make “significant double-digit cash-on-cash returns” when Databricks does exit.

The company, whose investors include Meta's Yann LeCun and Google's Jeff Dean, will offer ability to hone searches and different output formats to registered users

Databricks says it’s cut its internal valuation about 10%—some of its investors haven’t been as forgiving.

The data management startup has raised billions of dollars from a16z and others. Here’s how the team first pitched investors on their cloud-based vision.

Databricks placed a huge bet on the power of machine learning 10 years ago. That’s positioned the company as a rarity in the current market: a stable decacorn.

Databricks is headquartered in San Francisco and was founded by the original creators of Apache Spark