Databricks, a data and AI company, is now valued at $100 billion after a new funding round, making existing investors like Nancy Pelosi, Cathie Wood, and NVIDIA big winners. The funding will be used for product development and potential M&A activity in the AI space, with over 15,000 customers and competition from companies like Snowflake and Palantir Technologies.

Existing investors from Databricks’ 2023 and 2024 funding rounds, including Ark Invest and Nvidia, have seen their investments grow significantly. Nancy Pelosi’s husband, Paul Pelosi, disclosed an investment in Databricks via Forge Investments, with shares valued at $73.50 each.

Databricks, the 21st-largest holding in the Ark Venture Fund, has seen its value increase with the new funding round. The company’s CEO, Ali Ghodsi, stated that an IPO may be delayed further due to market conditions, noting concerns about interest rates and inflation. Ghodsi also acknowledged the potential for an AI bubble in the sector. 1. The CDC reports that COVID-19 cases are on the rise in several states, with an average of 100,000 new cases per day. Hospitalizations are also increasing, putting strain on healthcare systems.

2. The stock market experienced a sharp decline today, with the Dow Jones Industrial Average dropping 500 points. Investors are concerned about the impact of rising inflation and the ongoing pandemic.

3. A new study shows that more than 60% of Americans are experiencing financial stress due to the high cost of living and stagnant wages. Many are struggling to make ends meet and are worried about their financial future.

Read more at Yahoo Finance: Nancy Pelosi, Cathie Wood Make Millions On Databricks’ New $100 Billion Valuation