Databricks has announced a funding round that values the company at over $100 billion, making it one of only four private companies to reach this milestone. The CEO indicated that the funding, expected to exceed $1 billion, will be used to enhance products related to artificial intelligence, as the company anticipates $3.7 billion in annualized revenue with significant growth.

Databricks co-founder Ali Ghodsi has announced a new $100 million fund dedicated to supporting AI researchers and fostering advancements in artificial intelligence. This initiative aims to provide financial resources for innovative projects and enhance collaboration within the AI research community.