How Databricks Is Quietly Becoming One of the Most Powerful AI Stocks Yet to Go Public

Databricks has attracted increasing attention in recent months. Although it is currently a privately held company, it raised a considerable amount of money earlier this year and reported an annualized revenue projection despite private companies not being required to disclose such information. It also announced global expansions and additional hiring that will heavily focus on recruiting talent in the artificial intelligence (AI) field.Not surprisingly, such revelations have led to speculation on when Databricks might launch an IPO. While it has not publicly announced such an intention, the company has arguably become the most prominent AI company not trading on the market. Here's why.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool