Databricks

Databricks and Microsoft announced an expanded Azure partnership extending into the 2030s, with Databricks committing to use more Microsoft custom chips and the two companies deepening collaboration to help enterprises bring business context to AI workloads.

Source: Microsoft Source

Databricks CEO discussed the company's strategy of hosting open-source models such as Kimi on its platform, noting that demand has been so strong the company is running out of GPUs.

Source: CNBC

Databricks, the Data and AI company, today announced strategic funding at a $188 billion valuation. The company has signed a term sheet for this round, which it expects to close later this summer, led by existing investor Coatue. The round will include additional new and existing investors. 

Source: Databricks

Thinking Machines Lab's Inkling model, the AI startup's debut open-weight model, is now available on Databricks, expanding the platform's model ecosystem with a customization-focused AI offering.

Source: Databricks

Databricks and Nvidia jointly launched Genesis Workbench, a new tool targeting AI scientists and expanding the collaborative ecosystem between the two companies for enterprise AI workloads.

Source: HPCwire

Databricks struck a deal to acquire Panther Labs, marking a strategic move into cybersecurity as the company expands its enterprise data platform capabilities.

Source: Reuters

Databricks said annualized revenue has jumped more than 80% from a year earlier and now sits at $6.9 billion, up from a figure of $5.4 billion in the fiscal fourth quarter.While Databricks is benefiting from the AI boom, the company’s margins are shrinking as clients deploy a host of agents, resulting in higher costs.“It’s the consumption-based business model, agentic AI coming,” Databricks CEO Ali Ghodsi told CNBC in an interview.

Source: CNBC

Databricks unveiled new capabilities targeting out-of-control AI spending, aiming to give enterprises better visibility and control over their AI infrastructure bills.

Source: Axios