Snowflake has acquired Crunchy Data for $250 million, while Databricks has purchased Neon for $1 billion, indicating a growing competition in the AI database sector. These strategic acquisitions highlight the increasing demand for advanced database solutions in the evolving tech landscape.
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.