Databricks announces $10 billion financing at $62 billion valuation

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The company’s new valuation is up from $43 billion in 2023.
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The decision comes a day after the U.S. Federal Reserve cut rates by 25 basis points, bringing the federal funds rate to 4.25%-4.5%.
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President-elect Donald Trump came out against a government funding bill backed by Republican House Speaker Mike Johnson.
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Wednesday’s dramatic sell-off in markets is a stark reminder that forecasts influence stock movements much more than current circumstances.
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Chinese self-driving trucking company pivots to generative AI for video games

Chinese autonomous trucking company TuSimple has rebranded to CreateAI, with a focus on video games and animation, the company announced Thursday.
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Databricks announces $10 billion financing at $62 billion valuation

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