financetom
Business
financetom
/
Business
/
Meta Platforms Invests in AI Firm Databricks
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Meta Platforms Invests in AI Firm Databricks
Jan 22, 2025 11:35 AM

02:06 PM EST, 01/22/2025 (MT Newswires) -- Meta Platforms ( META ) is one of the investors in data and artificial intelligence company Databricks, which said Wednesday it raised $10 billion in equity financing from multiple investors.

The size and other details of Meta's investment in Databricks were not disclosed. Meta did not immediately reply to MT Newswires' request for comment.

Databricks said it will allocate the funds towards new AI products, acquisitions, and its global operations.

Price: 626.90, Change: +10.43, Percent Change: +1.69

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved