Databricks and Microsoft (MSFT) have extended their strategic partnership into the 2030s to help scale enterprise AI.

Databricks said on Thursday it would expand its partnership with Microsoft through the 2030s, a deal ​under which it will increase its use of ‌the Azure platform and Microsoft's custom chips.

When Databricks closes its new funding round, its $188 billion valuation will be a 40% bump over when it last raised capital in February. And that’s restrained compared with its AI industry peers.

Databricks was a hot IPO candidate, but now its raising its fourth round of private investment in the past year.

Databricks has remade its image into an AI company and has published research on the cost savings of open-weight AI models ...

The Coatue-led round gives co-founder Ali Ghodsi more money for AI products and acquisitions—and more freedom to remain ...

Databricks completed a term sheet agreement for a $3 billion strategic investment led by Coatue The funding values the company at $188 billion, representing a 40% increase from its $134 billion ...

Databricks has reached a $188bn valuation in a Coatue-led round, above the $175bn it was in talks to raise at, and still in no rush to go public.

Databricks said on Thursday it has signed a term ​sheet for a strategic funding round that ‌values the data analytics software firm at $188 billion.

Polymarket traders favor Anthropic 87% to 13% over OpenAI to IPO first, pricing Anthropic at 76% to list by year-end 2026. SpaceX (SPXC) already went public June 12 and commands 88% odds of being 2026 ...

Microsoft MSFT1.53%increase; up pointing triangle, Google and Amazon AMZN 0.80%increase; up pointing triangle are among the tech companies spending an estimated $1 trillion on AI infrastructure this ...