The company's CEO, Ali Ghodsi, revealed that the demand for the platform's AI development tools has led to strong revenue growth for Databricks, with its annualized revenue run rate now exceeding $1.5 billion. This comes after a year-over-year sales growth of more than 50% in the second quarter. However, due to high usage, some customers will have to wait to access the cloud-based graphics cards rented by the company to support AI projects.
Key takeaways:
- Databricks Inc. has launched a new offering, the Data Intelligence Platform, that uses artificial intelligence to help enterprises process their information.
- The platform combines Databricks’ data lakehouse with technology obtained through its $1.3 billion acquisition of MosaicML Inc.
- The platform includes features like Databricks Assistant, which allows users to query data using natural-language prompts, and Unity Catalog tool, which creates a centralized inventory of a company’s internal data assets.
- According to Databricks CEO Ali Ghodsi, the platform is already being adopted by CEOs, executives, and healthcare professionals, and is contributing to strong revenue growth for the company.