Sprinting against the tide! Databricks' valuation has increased by another 30%, the frenzy of AI capital shows no sign of slowing down

Data artificial intelligence company Databricks Inc. is currently in negotiations for financing at a valuation of over $130 billion, indicating that despite increasing warnings about industry bubbles, the market continues to pay close attention to providers of artificial intelligence tools. Databricks is one of the larger players in the cloud and data software field - an industry currently dominated by more mature enterprises such as Oracle Corporation and Snowflake Inc. This startup company helps customers leverage complex data analysis from various sources and build artificial intelligence applications. Databricks has stated that it is targeting the emerging field of transactional databases, which are used to store and process information generated from ongoing business operations. The startup may raise $30 to $50 billion and has mentioned that it is considering a proposal led by Insight Partners for this round of financing. According to a source familiar with the matter, this U.S. startup plans to use the new funds for hiring and acquisitions, but has not yet signed a terms list with investment companies. If the deal is successful, the company's valuation will soar by 30% compared to the financing led by Anderson-Horrowitz and Insight Partners, among other Silicon Valley institutions, in September last year. Any financing negotiations currently come with concerns about industry trends - the industry is investing potentially trillions of dollars in data centers and development, yet mainstream applications or mature profit paths have not yet emerged. Peter Thiel's hedge fund Thiel Macro LLC sold its stake in Nvidia Corporation in the third quarter - another case of backing out of a chip manufacturer in a wave of AI development sparked by ChatGPT. SoftBank Group revealed last week that it has cleared its position in Nvidia. Hedge fund manager Michael Burry may be the most prominent bear, revealing short positions in Nvidia and software developer Palantir. This year, a series of multi-billion-dollar transactions among participants in the tech ecosystem, such as AI chip manufacturers, startups, and data center operators, further exacerbate concerns about the industry's self-sustainability. However, investors are still vying for stakes in various startups from the United States to Japan, hoping to bet on potential future industry leaders in advance. The company's software runs on other cloud platforms such as Microsoft Azure and Amazon AWS. As Databricks expands, it has begun to directly compete with companies like Snowflake and cloud infrastructure providers like Microsoft.