The deal positions Snowflake to compete with Databricks in AI while giving OpenAI enterprise distribution beyond Microsoft’s ecosystem.

Feb 9 (Reuters) - Databricks said on Monday it has completed a fundraising of about $5 billion at a $134 billion valuation, as the data analytics software company bolsters its balance sheet to invest ...

“We are only at the beginning phases of AI diffusion and already Microsoft has built an AI business that is larger than some of our biggest franchises,” said Satya Nadella, chairman and chief ...