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Databricks raises a cool $10B as the boom in AI models rages on

Databricks raises a cool $10B as the boom in AI models rages on

December 20, 2024: AI Funding Booms with Databricks $10B Raise - Databricks has secured a record $10 billion investment, underscoring the growing importance of AI. Perplexity and SandboxAQ received $500 million and $300 million, respectively, for AI advancements. Major players such as Google, OpenAI, and Nvidia have launched new AI models and tools, emphasizing the sector's momentum.

Meanwhile, TikTok's U.S. future hinges on a Supreme Court decision, and cybersecurity is experiencing consolidation with Arctic Wolf's acquisition of BlackBerry's Cylance unit. AI's role in enterprise tech is poised to expand significantly by 2025.

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