PANews reported on January 14 that according to Bloomberg, Databricks, a San Francisco-based data analysis and artificial intelligence (AI) company, raised $5 billion in financing through private lenders and banks, including $2.25 billion in term loans and $2.5 billion in revolving credit. The funds will be used for AI product development, international expansion, and employee equity repurchases. The company expects revenue to exceed $3 billion in fiscal 2025 and to achieve positive cash flow in the fourth quarter.