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Databricks raises $250M

Databricks has raised $250 million in a Series E funding round.

Meta releases Llama 3 language models 

Meta has announced the release of the first two models of its next-generation Llama language model series, Llama 3.

National Science Foundation launches AI research pilot

The U.S. National Science Foundation, in collaboration with 10 federal agencies and 25 private sector, nonprofit, and philanthropic organizations, has launched the National Artificial Intelligence Research Resource (NAIRR) pilot.

Prophecy raises $35M

Palo Alto, Calif.-based self-serve low code data transformation platform provider Prophecy has closed a $35 million Series B funding round.

Perplexity.ai raises $26.5M

Perplexity.ai has raised a $25.6 million series A funding round. 

Recent posts

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.