Databricks just announcing this $10 billion funding round, one of the largest in Silicon Valley history,

valuing the data analytics startup at $62 billion.

Our dear Dobosa had the news this morning on the nine and joins us again for tech.

You kicked off quite the conversation, Dee.

I did. And let me again just put that number in context for our audience.

A $10 billion raises, Carl said.

It's one of the largest venture capital funding rounds in history.

If it were an IPO, it would only be behind Rivian in terms of deal size over the last 10 years.

And it shows that there is plenty of money in the private markets for some startups, especially AI ones.

And in fact, more money has been raised in the private markets this year than in the public

markets, letting the most successful startups like Databricks, there it is, push out an actual

IPO and stay private for longer, a trend that has been going on for years here.

I spoke to CEO Ali Godzi at Cerebral Valley here in San Francisco

a few weeks ago. I asked when they might go out to public markets. He didn't seem particularly

eager. He never does, but he said that the earliest was mid next year. The mega round is being led

by Thrive Capital, which also led the $6.6 billion open AI round about a month and a half ago.

The money, Databrook says, will provide liquidity to current and former employees allowing it to

make acquisitions and expand overseas.

Now, Databricks is well positioned for the next phase or race and generative AI that we've

been discussing.

As large language models become commoditized,

and the debate over their rate of progress continues, companies and investors are focusing

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