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Databricks Boosts Sales Forecast, Driving Valuation to $134 BillionExclusive

Databricks Boosts Sales Forecast, Driving Valuation to $134 Billion

Databricks CEO Ali Ghodsi has been more vocal than other Silicon Valley executives about the dangers of an AI bubble. His company’s new $5 billion round of fundraising, at a higher valuation than ever, epitomizes the risks and rewards of the boom: While sales are growing faster than forecast, AI development costs are squeezing gross profit margins. Privately held Databricks began asking investors for cash two weeks ago in a fundraising round that values the company at $134 billion, which is...

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