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URGENT: Databricks CEO: AI Will Kill SaaS!

Databricks CEO: AI Will Not Kill SaaS, Company Sees Massive Growth

SAN FRANCISCO - Databricks CEO Ali Ghodsi announced Monday that AI is not a threat to SaaS. The company reported a $5.4 billion revenue run-rate. This represents 65% year-over-year growth.

Over $1.4 billion of that revenue comes from AI products. Ghodsi directly addressed concerns about AI's impact on SaaS businesses. He stated AI is increasing usage of their products.

Databricks is a cloud data warehouse provider. They help enterprises store and analyze data. The company recently closed a $5 billion raise. Its valuation is now $134 billion.

Databricks is also launching AI products like Genie. This is an LLM user interface. The company is navigating both SaaS and AI worlds.

This is a developing story. Updates will be provided as they become available.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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