Thrive Capital may invest about $1 billion for Databricks
- Thrive Capital in talks to buy stake in startup
- Databricks valuation for new deal could be $55 billion
- Thrive Capital is expected to lead the bid for the deal
- Employees and early investors will be able to sell their shares
- A year ago, Databricks received $500 million at a valuation of $43 billion
- Throughout its time, startup Databricks has raised roughly $4+ billion in funding
- Its investors include Andreessen Horowitz, Battery Ventures, and others
- The main competitor for Databricks is Snowflake
- Snowflake has a market valuation of $44 billion
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Stephanie Turner
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Amazon is ramping up efforts to create AI chips that can compete with Nvidia
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Spotify wants to compete with YouTube in the video podcast marketplace
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