Jordan Novet / CNBC:

Databricks says annualized revenue rose 80%+ YoY to $6.9B, up from $5.4B in Q4; CEO Ali Ghodsi says higher AI agent usage is increasing costs, lowering margins  —  Databricks has a unique role in the AI boom.  Revenue continues to soar as businesses swarm to the company's data analytics tools.

Jordan Novet / CNBC:

Databricks says annualized revenue rose 80%+ YoY to $6.9B, up from $5.4B in Q4; CEO Ali Ghodsi says higher AI agent usage is increasing costs, lowering margins  —  Databricks has a unique role in the AI boom.  Revenue continues to soar as businesses swarm to the company's data analytics tools.

Source: TechMeme
Source Link: https://www.techmeme.com/260617/p1#a260617p1