Databricks AI Chief to Exit, Launch a New Computer Startup

(Bloomberg) – According to a person familiar with the issue, Naveen Rao, the President of Artificial Intelligence, the President of the Startup Databricks Inc., is planning to leave a new initiative that makes a new type of computer.

Databricks spokesman confirmed that RAO was a consulting role in the company and said it plans to invest in Databrick’s new initiative. The spokesman refused to explain the size of the investment.

RAO also held early talks with other investors to support the new company to focus on creating a new generation of computer to address the increasing costs of AI information processing power.

Rao refused to comment on his plans for the new company.

RAO is a series of entrepreneurs who sold their data and AI Analytics start mosaicml to Databricks in 2023 for $ 1.3 billion. Mosaicml, Maverick Ventures, Lux Capital and DCVC has collected about $ 30 million from investors. Before that, RAO, Intel Corp. in 2016 He founded Nervana Systems, a machine intelligence platform purchased for approximately $ 350 million.

Given Rao’s record, the new initiative may attract significant investor interest in a supreme valuation. In addition, the company’s thinking machine laboratories, the last $ 10 billion worth of $ 10 billion Openai Chief Technology Officer Mira Murati and two -year -old AI initiative Sierra’s recently worth 10 billion dollars, including the former Openai Machinery Laboratory Mira Murati, including the new wave of new technology managers.

Databricks recently collected $ 1 billion in a fund round that made it one of the most valuable initiatives of the country. Tur was a jointly leaded by Andreesen Horowitz, Insight Partners, MGX, Thrive Capital and WCM Investment Management.

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