Databricks enters AI data market with new $1 billion investment

According to TechCrunch, Databricks announced a new $1 billion funding. The company’s CEO stated that this money will be used to expand operations in the data marketplace designed for artificial intelligence.

This investment will enable Databricks to create new products and implement modern technologies for AI databases. Through this, the company is expected to strengthen competition and consolidate its position in the market.

According to experts, the data market specifically for artificial intelligence is growing rapidly, and Databricks is making a strategic move to become a leader in this field.

Nodirbek Razzokov

Editor of «ZAMIN.UZ»