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Investor's Business Daily on MSNSnowflake Rival Databricks Raising More Funds At $100 Billion Valuation
Snowflake rival Databricks is finalizing a new funding round that would value the software maker at $100 billion, up over 60% ...
Still, there are risks, including competition. A top competitor for Snowflake is Databricks. According to a report from The ...
Snowflake CEO Sridhar Ramaswamy isn’t impressed that archrival Databricks, which is privately held, is raising a new funding round from existing investors at a valuation of more than $100 billion. In ...
In response, Snowflake this month open-sourced its Polaris technical metadata catalog. Databricks then acquired Tabular (founded by the creators of Iceberg) and subsequently open-sourced Unity.
For all the talk about the rise of low-cost or open-source AI models, enterprises are still gravitating to brand-name models ...
The two companies’ data science platforms have become core components for many CIOs who are focused on leveraging organizational data to drive AI deployments, as the market for similar tools rapidly ...
Snowflake's share price remains under pressure due to its ongoing growth deceleration and rising competition. In particular, Databricks is growing rapidly and trying to drive adoption of the data ...
To address this need, Databricks and Snowflake have emerged as the best one-stop shops for this. They are locked in a duel, espousing different approaches, and having different cultures.
But for Snowflake and Databricks users, until now it's been a case of so near and so far. The services may have (hopefully) been in the same availability zone and stored in the same S3 instances.
Both Databricks and Snowflake offer unique value propositions, and their joint customers see benefits in using both. The rivalry between the two companies will drive innovation and benefit end users.
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