Mark Hosking

Occasional 21st century adventurer. Employment lawyer.

[Ali Ghodsi @alighodsi]

I got this question so many times today. "How can you grow 80% at $7B?"

The true answer is that we're finally seeing a breakthrough with AI agents starting to work in the enterprise.

The AIs have been super smart for a while, but have lacked basic context that's in people's heads, or in some SaaS system-or-record. A lot of organizations are deploying FDEs to capture this context, or Ontology, and feed it to the AI. This is labor intensive and expensive. We just automated that with Genie Ontology.

Once you have that enterprise context graph, an AI agent like Genie becomes magical. I find myself no longer waiting for answers from my CRO, CFO, CMO, CHRO etc, I just keep queuing up questions on the phone while sitting in meetings. It'd frankly addictive.

Our customers are starting to do the same, over 70% of all queries on the platform are now generated by Genie agents. This fuels more questions to the platform, which drives consumption, which drives revenue. That's the simple answer.

[Ali Ghodsi @alighodsi]

Today, we announced that we crossed $7B in revenue run-rate, growing over 80% year over year in Q2.

We also shared:
🚀 $100M+ revenue run-rate for Lakebase
🚀 $1.5B+ revenue run-rate for Lakehouse, growing over 100% year over year
🚀 Continued positive adjusted free cash flow

And we raised $5B in our latest fundraise.

We’ll use this capital to invest in:
1️⃣ Lakebase, our serverless Postgres database built for AI agents
2️⃣ Genie, our AI coworkers that actually understand your business data
3️⃣ Unity AI Gateway, our multi-AI governance solution that helps control costs

@iamVictorDey shares more in @Forbes:

https://t.co/y2LdxysBNi

[Mark Hosking @_markhosking]

In the wake of #Covid19, urgent changes are needed to our social security and housing systems so that everyone has a safe place to live and enough money to live on. I join @Z2K_trust in saying #LifeAfterLockdown cannot just be a return to normal https://t.co/dbOjPRqt3P

[Mark Hosking @_markhosking]

@RJPartington, re your article: Rishi Sunak preparing to wind down coronavirus furlough scheme... 45-day collective consultation process is for 100+ proposed redundancies NOT 100+ employees. I’ve DM’d you. Hope that helps clarify.

[Mark Hosking @_markhosking]

#peoplesvote #peoplesvotemarch #putittothepeople #putittothepeoplemarch https://t.co/g2zWoMEd1x

[Mark Hosking @_markhosking]

Join me at the #PutItToThePeople March on March 23rd https://t.co/tfupJivi4v

[Mark Hosking @_markhosking]

@JohnLewisPlc thanks to Jamie and Lee for an exemplary level of service installing my washing machine in E1 this morning

[Mark Hosking @_markhosking]

@Hyperoptic very pleased with my new internet - it was 6mbps with Talk Talk! Massive thanks also to your engineer, Kay, for speedy installation and good chat 👍

[AT @AT96_]

Mr FishFinger is the hero this country needs, true hero.

[Mark Hosking @_markhosking]

Another PR disaster for @UnitedAirlines, they must be pulling their hare out...

[Being Libertarian @beinlibertarian]

UNITED AIRLINES INTRODUCES NEW PILOT #united #unitedAIRLINES

[Alan Ferrier @alanferrier]

United Airlines in-flight staff training video leaked.

[Mark Hosking @_markhosking]

Hi @Google - is the below legit/legal? Signing away the right for a developer to "read, send, delete, and manage [my] email"?!

[Mark Hosking @_markhosking]

Brexit Champagne and Prosecco ban feared - Decanter https://t.co/9Rr5VpchV9 via @decanter

[Mark Hosking @_markhosking]

Shout out to Mark @CycleSurgery Moorgate for simultaneously emasculating and helping me change an inner tube this afternoon.

[Mike Hills @mikewhills]

Osborne coming into journalism like

[Jesse McLaren @McJesse]

What happens when u wear a green tie on TV 😭

[Ed Miliband @Ed_Miliband]

Breaking: I will shortly be announced as editor of Heat magazine....

[Mark Hosking @_markhosking]

@waitrose of course: 42309614.