Over the next three years, Databricks Inc. aims to invest more than $250 million in the nation, according to media. This action is in line with the rising trend of Western IT companies expanding in India. The San Francisco-based data analytics behemoth is making this calculated step to spur innovation in artificial intelligence.
According to the Bloomberg article, Databricks plans to hire more than 50% more people in India by the end of the fiscal year, with a target of about 750 workers. This includes increasing the number of engineers at its newly created Bangalore research center by double to more than 200.
With this expansion, Databricks’ network of research and development facilities now includes India in addition to Amsterdam, Berlin, and Mountain View, California. Databricks was founded in 2013 and specializes in data collecting, analysis, and dissemination while creating software essential to the AI boom. India has emerged as a major worldwide destination for AI expertise, according to Rochana Golani, VP of Databricks.
Despite raising more than $15 billion this year from investors such as Meta Platforms Inc. and other financial institutions, Databricks, which is currently valued at $62 billion, has not yet gone public. In keeping with its pledge to India, Databricks plans to open an AI and data academy with the audacious objective of educating half a million partners and clients over the course of the following three years.
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