Reported about 22 hours ago
Meta Platforms has invested in Databricks as part of a $10 billion funding round aimed at supporting the data analytics firm's growth and product development. The Series J funding values Databricks at $62 billion and includes a $5.25 billion credit facility from major banks. Databricks, known for its AI application platform, collaborates closely with Meta's Llama team on open-source language models. This partnership is a response to increasing investment in AI startups following the success of OpenAI's ChatGPT.
Source: YAHOO