Databricks announced a new funding round Thursday that values the company at $188 billion. The round was led by Coatue. Databricks did not reveal exactly how much it raised; He said the money is not yet in his hands and the round will close later this summer. (Other outlets have since reported the increase to
AI models are becoming more capable, but exactly what enterprise adoption will look like remains a big unknown. In a bid to shape that future, labs like Anthropic and OpenAI have created independent companies dedicated to deploying AI engineers in their clients’ offices, a bid to help companies figure out how to use their AI
Physical credentials used to be all that was needed for identity management in an enterprise. But now that humans work alongside machines and AI agents in digital environments, even identity tools built for the cloud era are proving inadequate. That’s the gap that Israeli startup Oak is trying to stealthily fill, he says. Co-founded by
For several weeks this summer, the AI industry was obsessed with Anthropic’s latest frontier models and Washington’s fight to control who was granted access to them. But while everyone was watching the frontier, developers kept building, and they weren’t waiting for permission from the Anthropics and OpenAIs of the world. Chinese open-weight models accounted for
Reflection AI, a US startup vying to develop open models, has signed a $1 billion computing deal with European AI infrastructure company Nebius. Nebius, formerly the international arm of Russian tech giant Yandex, will provide Reflection with access to Nvidia’s latest chips. The deal comes just weeks after the startup signed a similar agreement to
Of all the debates out there about the potential downsides of AI, there is one concern that is causing the most concern among AI enthusiasts in Silicon Valley. Their fear is that the giant artificial intelligence labs that sell proprietary models are somehow acting as Trojan horses. The concern is that as startups and enterprises