Databricks sees sales grow 70 percent in EMEA
Databricks has seen strong revenue growth in the EMEA region over the past year. Sales in this region increased 70 percent over the past 12 months, mainly due to increased business demand for AI solutions.
Databricks reports that sales increased by this percentage in the EMEA region. The main re... Read more
Databricks releases DBRX: open-source LLM that beats GPT-3.5 and Llama 2
The new general purpose large language model should help organizations realize generative AI apps that perform very well.
Databricks aims to achieve this by having DBRX rely on a mixture-of-experts (MoE) architecture based on the open-source project MegaBlocks. In particular, MoE addresses the l... Read more
Databricks acquires dataset management tool Lilac
Lilac's technology helps data scientists understand and modify text datasets.
With Lilac's open-source tool, Databricks may further support large language model (LLM)-based systems. Lilac can evaluate LLM output and prepare unstructured datasets for model training. However, according to Databric... Read more
Databricks moves from lakehouse to data intelligence
Databricks has been developing the lakehouse in recent years. Now that this architecture is in place, the company is talking more about the Data Intelligence Platform. What makes Databricks' latest approach suitable for businesses?
Looking purely at the choice of the term data intelligence and w... Read more
Databricks acquires data replication tool Arcion for €94 million
Databricks has acquired Arcion for €94 million ($100 million). With this, Databricks adds data integration and replication functionality to data lakehouses.
The acquisition of Arcion is a strategic move for Databricks, which previously invested in the startup. Arcion's technology had until now... Read more
Databricks optimizes LLM deployment on Lakehouse platform
Databricks recently released a preview of GPU and LLM optimization for Model Serving. This should make deploying large AI models on the Lakehouse Platform easier, the company hopes.
The GPU and LLM optimization functionality for Model Serving has been shown in preview form. It provides automatic... Read more
Databricks raises half a billion dollars in recent investment round
Databricks has managed to raise more than 469 million euros ($500 million) in a recent Series I investment round. This brings the value of the data lakehouse and AI specialist to the previously desired amount of $43 billion.
Databricks had wanted to bring the company's market value to $43 billio... Read more
Salesforce and Databricks send data to each other’s lakehouse
Salesforce and Databricks are expanding their partnership to bring zero-ETL data sharing to the Salesforce Data Cloud. This removes the cost for companies to copy data while delivering security benefits.
As of today, it is possible to merge data from Salesforce's Data Cloud with data from Datab... Read more
‘Databricks aiming at 38B euro valuation’
Databricks is continuously seeking new investment capital to upgrade its enterprise value. For this purpose, talks are now being held with an investment company, reports Bloomberg.
Databricks wants to proceed with a valuation of 38 billion euros ($43 billion) with a new round of investment, Bloo... Read more
Microsoft and Databricks to work on AI tools, will OpenAI get sidetracked?
Despite a major investment in OpenAI, Microsoft is looking for more partners to develop AI. The Redmond-based company has a license to use OpenAI technology for its own software suite, but wants to make it possible for other companies to create their own AI tools. To do so, it is joining forces wit... Read more