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## Archyde Exclusive Interview: demystifying Databricks’ $10 Billion Raise and the Open-Source Revolution
**Archyde:** Welcome to Archyde Insights. Today, we have [Alex Reed Name and Title], joining us to discuss Databricks’ recent announcement of a staggering $10 billion raise, propelling the company to a $62 billion valuation. [Alex Reed Name],thank you for being hear.
**[Alex Reed Name]:** thank you for having me. It’s a pleasure to be here.
**Archyde:** Let’s dive right in. databricks has been making waves in the data and AI space for some time now. What do you believe contributed to this massive influx of investment?
**[Alex Reed Name]:** This latest funding round is a testament to Databricks’ leadership in the burgeoning field of AI and data analytics.The company’s open-source platform, combined with its powerful suite of tools for machine learning and data engineering, has attracted meaningful attention from both businesses and developers.
**Archyde:**
The timing coincides with the release of Dolly 2.0, an open-source language model comparable to ChatGPT [[1](https://www.archyde.com/with-dolly-2-0-chatgpt-like-language-models-become-open-source/)]. Is there a connection?
**[Alex Reed Name]:** Absolutely.
Dolly 2.0 is a game-changer. by making this powerful language model open-source, Databricks is democratizing access to cutting-edge AI technology. This move aligns perfectly with their commitment to fostering innovation and collaboration within the data science community.
**Archyde:** could you elaborate on how Dolly 2.0 and its open-source nature might influence the future of AI progress?
**[Alex Reed Name]:**
We’re witnessing a paradigm shift. Customary, closed-source AI models were often inaccessible to smaller businesses or researchers due to cost and licensing restrictions. Dolly 2.0 breaks down these barriers, allowing anyone, anywhere, to experiment with and contribute to the development of advanced AI solutions. This open-source approach will accelerate innovation and lead to a more diverse and inclusive AI landscape.
**Archyde:** What’s next for databricks, given this significant funding round and the momentum behind Dolly 2.0?
**[Alex Reed Name]:**
This investment will undoubtedly fuel further innovation at Databricks. Expect to see continued advancements in their platform, with a focus on making AI accessible and usable for everyone. I anticipate further developments in areas like edge computing, real-time data analytics, and responsible AI development.
**Archyde:** [Alex Reed Name], thank you for sharing your insights on this exciting development. This is definitely a story to watch closely.
**[Alex Reed Name]:** Thank you for having me. It’s an exciting time for the field of AI, and I’m thrilled to see databricks at the forefront of this revolution.
