Lucas Censi <lucasgcensi@gmail.

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Databricks Is now an AI-native company

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Michael Spencer from AI Supremacy <aisupremacy+prospectus@substack.com> 28 de março de 2024 às 06:57

Responder a: Michael Spencer from AI Supremacy
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Databricks Is now an AI-native

company
The AI-agenda for Databricks primes it for an upcoming IPO 🗝️
MICHAEL SPENCER
MAR 28 ∙ PREVIEW

READ IN APP
Hey Everyone,

As some of you know, I’m a huge fan of talking about Databricks and
Snowflake. Among the initial public offering (IPO) market, post-pandemic, it’s
only in 2025 that we see a proper recovery to back to normal, and the IPO I’m
most excited about then is certainly Databricks.

Databricks is doing its best to position itself as an AI-native company. In a

nutshell, Databricks provides tools that help you connect your sources of data
to one platform to process, store, share, analyze, model, and monetize
datasets with solutions from BI to generative AI.

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Databricks has a rich history of acquiring AI startups and some of them of

considerable talent. This was the case in July, 2023 when they acquired
MosaicML. Databricks and MosaicML had shared a vision of making
generative AI accessible for all organizations, enabling them to build, own
and secure generative AI models, including LLMs with their proprietary data.

Databrick is often compared to Snowflake, that is already a public company.

In terms of revenue growth for the year ending January 31, 2024, Databricks
pulled in $1.6 billion, a number that represented growth of more than 50%
over the prior year. That’s relatively rare when we are talking about a
company of a market cap over $40 Billion. I have a lot of faith in this
executive team as well, while Snowflake itself has a market cap of over $50
Billion.

It’s not clear which company will be dominant in their space. Databricks is
pursuing the standard cloud data warehouse agenda with customers more
and more, but they come from the data science engineering heritage.
Snowflake, conversely, is optimized for storing and analyzing structured
data, with a strong focus on ease of use and scalability in data warehousing.
The one that wins might be the one seen as more AI-native and Generative
AI sophisticated.

Full disclosure I’m partial to startups that come out of UC Berkeley, like
Databricks, Anyscale and other robotics startups I’ve covered recently. But
there is another reason to like what Databrick is doing, and that is open-
source Generative LLMs.

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