A Godfather of Transformers Launches Lab Developing More Adaptable AI Models; Databricks and OpenAI in Dealmaking Mode

Much to the dismay of antsy bankers and investors, it doesn’t look like Databricks, which has aided the rise of artificial intelligence software in the business world, will be going public anytime soon.

Instead, the company, which sells tools for building machine-learning models, has been chatting with investors about potentially raising hundreds of millions of dollars, as my colleagues Cory and Amir reported yesterday.

Databricks won’t take any capital at a valuation below $38 billion, the fundraising price it …

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