Databricks said on Wednesday Meta Platforms had joined as an investor in a $10 billion funding round intended to fuel the data analytics startup's expansion plans and new product development. The Series J funding round closed on Wednesday and valued Databricks at $62 billion.

Ali Ghodsi, Databricks CEO, joins 'Money Movers' to discuss Databricks recent investment from Meta, and much more.

Bloomberg reported Tuesday that the two companies had teamed up on a smart glasses partnership. The glasses will be marketed to athletes, according to the report. Citing “people with knowledge of the matter,” the news outlet lays out some of the ways in which Meta plans to diversify its smart glasses product base in the coming years:

The company is also reportedly considering launching AI-powered wearables, including earbuds with built-in cameras.

Meta is reportedly working on several smart devices, including Oakley-branded AI glasses for athletes, including runners.