Databricks targets $175 billion valuation as AI's private-market frenzy rolls on

Databricks is set to raise fresh capital at a valuation between $165 billion and $175 billion, despite being valued at $134 billion just four months ago.  Alongside this, OpenAI, Anthropic, and SpaceX are all aiming for valuations near or above $1 trillion, adding to a trend of AI firms setting astronomical valuation targets and hitting...