TECH NEWS

Databricks Secures New Funding At $188 Billion Valuation To Accelerate AI Strategy

Databricks, a data and artificial intelligence (AI) platform provider, has signed a term sheet to raise a new strategic funding round at a $188 billion valuation, with the company planning to use the capital to expand its enterprise AI platform and support future acquisitions.

The funding round is being led by existing investor Coatue and includes a mix of new and existing investors. Databricks said it expects the transaction to close later this summer. The company did not disclose the size of the funding round.

The investment will be used to accelerate development across three of its AI offerings: Unity AI Gateway, a governance platform for managing multiple AI models; Genie, an AI assistant for enterprise data; and Lakebase, its serverless PostgreSQL database designed for AI agents.

Ali Ghodsi, Co-founder and Chief Executive Officer (CEO) of Databricks, said enterprises are increasingly focused on extracting business value from AI rather than...

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Nashville will use 'eminent domain' to block a $700 million data center threatening iconic zoo

* Nashville's Metro Council voted 27 to 5 to authorize acquiring the 23.49-acre site next to the Nashville Zoo by negotiation or condemnation * This comes after a local fight escalated into a national campaign with a 500,000-signature petition * The vote grants an option rather than a commitment:

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Steam Deck Mod Transforms Handheld Into A Sleek Modern Game Boy

The "SteamBoy" mod can double as a pseudo Steam Controller. Image: u/PhyFawkes on Reddit An impressive Steam Deck Game Boy mod, appropriately dubbed the Steam Boy, is ablaze across the r/SteamDeckModded subreddit and tech press this week. The idea for this mod stems from the realization

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Apple and the curse of the mythical next thing

Apple may or may not be working on a mostly-glass 20th anniversary iPhone. This long-rumored passion project would not necessarily transform the iPhone into a fully translucent device, but would extend the front and back glass panels so that they almost meet around a far thinner metal border. But like

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Uber surprised robotics company Serve by selling its entire stake

Uber has sold off its entire stake in Serve Robotics, the autonomous delivery robot company that spun out of the ride-hailing company more than five years ago. Uber made the disclosure in a regulatory filing that was first reported by Bloomberg. Uber’s exit from Serve Robotics has been brewing

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Nashville will use 'eminent domain' to block a $700 million data center threatening iconic zoo

Steam Deck Mod Transforms Handheld Into A Sleek Modern Game Boy

Apple and the curse of the mythical next thing

Uber surprised robotics company Serve by selling its entire stake