may the 4th be with you.
to every founder rebuilding their licensing service for the third time — to every engineer who's debugged a flag-vs-billing mismatch at 2am — to every team writing the same glue code for the fourth time —
you're the rebels. we see you.
Save the date: On Tuesday, 7/23, Join @fivetran CEO @frasergeorgew and MotherDuck CEO @jrdntgn for a discussion on the evolution of data systems and architecture beyond Big Data.
Your modern laptop is more powerful than a state-of-the-art cloud data warehouse.
Building AI demands a new kind of infrastructure centered on data lakes and lakehouses, with intuitive, local-first data processing and analytics workflows at the heart of reducing our reliance on the cloud.
Don't miss it!
https://t.co/D5cwhQQnj2
Last week, we hosted the DataGalaxy H2 Roadmap event! 🚀
It was a great chance to share our current strategy and plans to accelerate through the end of the year.
👏 Thank you to our customers who attended!
What a shame @FlixBus_USA_CA @FlixBus ... 7h30 delay on a highway with a pregnant woman, no water, no food ...
The cause of the delay was due to a malfunctioning part in your bus... it took 7 hours and 30 minutes to get a replacement bus
How can you reply something like this 😅
Databricks revealed some sensational growth this week, as they did last year. Exiting this quarter to $2.4 billion annual run rate, the company’s revenue growth is accelerated year-over-year by 10 percentage points.
Net dollar retention is a major driver of growth at 140%, which is top decile. The table above shows the other data points that we’ve collected through their press releases in the last two years.
The fastest growing product category mentioned is the data warehouse revenue : 100% growth, now at $400m annually, nearing 20% of revenue.
With these modest data points, we can build a basic linear regression model for what the company is worth. This model is rough with an R^2 of approximately 0.45.
Assuming Databricks continues to grow at roughly 50%, that implies the company in the public markets would be worth approximately $54b. However, the company will likely trade at a premium to this. It is one of the few companies that provides significant exposure to AI software in the public markets.
Compared to Snowflake, Databricks is growing nearly twice as quickly. Without additional data, it’s difficult to comment on the relative sales efficiency or profitability.
Databricks’ growth rate is yet another example of the rapid demand for AI infrastructure & the systems needed to power it.
https://t.co/nRWJDEKwcG
Want your own #UnityCatalog t-shirt, like the one @matei_zaharia is showcasing at #dataaisummit? Come on over to the following UC #OSS deep dives for a chance to get one!
✅ Introducing Unity Catalog Open Source: Unified Governance and Interoperability for Data + AI: Moscone Center South, 11:20 AM - 12:00 PM PDT Level 3, Room 305
✅ Open Sourcing Unity Catalog: 12:30 PM - 1:10 PM PDT, Moscone Center West, Level 2, Room 2009
Today's keynote at the @Data_AI_Summit will (again) feature DuckDB co-creator @hfmuehleisen, who will talk about DuckDB's support for Delta Lake (@deltalakeoss).
Follow the live stream (starting at 8.30am Pacific Time, in approximately half an hour):
https://t.co/xCduBxAR6j
ABAC enables users to define access controls based on various attributes of resources such as workspaces, data assets (like tables), and AI assets.
#DataAISummit#Databricks
v0.1 with Tables, Volumes, and AI Tools/Functions
-Open source server implementation
-Open APIs and clients that also work on Databricks (incl. credential vending)
-Iceberg REST API via UniForm to support any Iceberg or Delta client
#UnityCatalog
https://t.co/bROBuPrNF1
Day 2 at #DataAISummit, organised by @databricks 🚀
It's still training day for me 🚀
#DataAISummit also features side events, which provide opportunities to meet and network with peers.
Thank you @motherduck for the shirt, I'm going to wear it all the time 🦆 🤩
You heard it here first! @duckdb Labs has added first-party support for #DeltaLake in DuckDB using the new delta-kernel-rs project. 🦆🦀
Learn more: https://t.co/yk1kL57ASH
#opensource#oss#lfaidata
🧱 Today’s the day 👨🚀
Day 1 at #DataAISummit, organised by @databricks 🚀
It's training day for me:
- Retrieval-Augmented Generation (RAG) Applications
- Databricks Data Privacy
Perhaps hint for @DataGalaxy 's roadmap ? 🤔 👨🚀
Very interesting session at #dezoomcamp this evening about Building Production Search Systems.
Thanks Daniel Svonava for your time & for your contribution 🚀
Don't hesitate to check the replay: https://t.co/gA3AUMeAGr.
#DataEngineering#zoomcamp
Interesting session on RisingWave, an introduction to streaming, happening this week at #dezoomcamp!
RisingWave is a Postgres-compatible streaming database engineered to provide simple and cost-efficient approach for processing, analyzing, and managing real-time event streaming