
The Databricks business is examined with Alan Tu, Portfolio Manager and Analyst at WCM Investment Management. Tu explains Databricks' core function of data processing, which involves unifying various data formats for analysis, using the analogy of cleaning up an Excel spreadsheet. The discussion covers Databricks' founding, highlighting its origins in Berkeley's AMP Lab and its early bets on cloud computing, data, and open source. The conversation explores Databricks' evolution into a platform, including the development of products like MLflow and Delta, and its expansion into data warehousing, which led to competition with Snowflake. Tu emphasizes Databricks' marketing and commercialization strengths, such as the "lake house" concept. The impact of AI on Databricks is also discussed, noting that a quarter of its revenue is AI-related.
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