Big-data software giant Databricks Inc. is reportedly holding talks with the global investment management giant T. Rowe Price Group Inc. on a fresh round of funding that could bring its value to more than $43 billion.The report from Bloomberg noted that talks are still at a “preliminary” stage, adding that the parties may not reach an agreement. Databricks declined to comment on the story.Databricks sells a data engineering platform that enables enterprises to process and transform massive volumes of information, which can then be analyzed, used to train AI models and more

Enterprise big-data company Databricks Inc. is reportedly discussing a fresh round of funding with investors that will likely total hundreds of millions of dollars. This move comes despite Databricks’ loss of about $900 million in its last two fiscal years.The funding will help the company to capitalize on enterprise demands for a reliable data platform to fuel a new generation of artificial intelligence applications. Databricks sells a data engineering platform that enables enterprises to process and transform massive volumes of information, which can then be analyzed, used to train AI models and more

It was fully understood prior to the Data + AI Summit in San Francisco last week that Databricks Inc. was well-positioned in the marketplace but faced some critical strategic decisions in its future.Those decisions pose particular relevance in the context of artificial intelligence, which the company nodded at with its “generation AI” theme this year. So how might the company plot its route ahead? And how did it perform during the Data + AI Summit? In the view of industry analyst John Furrier, the event hit a “home run” with analysts, demonstrating that generative AI is hitting everything from the physical storage layer, to compute, all the way to the application

The explosive growth of interest in generative artificial intelligence has led to a belief among some tech industry leaders that the massive datasets and common access to information provided by engines such as ChatGPT will lead to a new wave of customization in the enterprise.That outcome was echoed by Matei Zaharia (pictured), co-founder and chief technologist of Databricks Inc., in an exclusive conversation with theCUBE, SiliconANGLE Media’s livestreaming studio. While ChatGPT can return amazing results based on a lightning-fast search of the web, enterprises will need something more specific to the business at hand