Amazon and tech startup Databricks have agreed to a five-year deal that aims to cut costs for businesses seeking to build their own artificial-intelligence (AI) capabilities. Databricks, which acquired AI startup MosaicML last year for around $1.3bn, will utilize Amazon’s Trainium AI chips to power a service that helps companies customize an AI model or build their own. Databricks makes money by renting out analytics, AI and other cloud-based software that taps AI-ready data for companies to build their enterprise technology tools. The San Francisco-based firm said it was valued at $43bn last September. The two companies have an existing partnership where customers can run Databricks data services on Amazon’s cloud-computing platform, Amazon Web Services.
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