OpenAI, SpaceX, Anthropic: the tech giants lining up blockbuster IPOs For more than a decade, Silicon Valley’s most powerful companies have stayed private for longer than ever before, buoyed by deep pools of capital and sovereign wealth funding. But, as interest rates remain higher, AI infrastructure costs balloon and some of the world’s largest private firms mature into businesses of national, and increasingly geopolitical, importance, [...]
AI agents joining London Stock Exchange Group market in partnership with Databricks Tech The London Stock Exchange Group (LSEG) has partnered with Databricks to deploy AI to optimise the workflow of financial teams. The Databricks agents are configured to optimise the work of agents at LSEG and bring LSEG’s financial data into the Databricks platform. Starting with Lipper fund data, analytics, and cross-asset analytics, financial teams can now [...]
Databricks rides AI boom to $100bn after new funding Tech Analytics platform Databricks has sealed a fresh funding round that is set to catapult its valuation over $100bn. The data and AI heavyweight has signed a term sheet for Series K Funding – a type of advanced, late-stage financing – which is expected to close shortly. Whilst details of the raise have not been disclosed [...]
Databricks opens first European HQ in London in bet on UK September 20, 2024 Data and AI giant Databricks is set to open its first official European headquarters in London, as it looks to cement the UK as a key market for growth. The company’s UK staff are set to move into the new Fitzrovia-based office on Monday, ahead of an official launch event on 3 October. While Databricks [...]