Databricks releases products to compete with ClickHouse, Splunk & Oracle
Databricks is seeing higher growth as AI agents assist with data analysis, but all that activity is significantly increasing costs.
Some customers are spending hundreds of millions of dollars on AI.
Databricks surpasses $5.4B ARR with over 80% sales growth, but AI infrastructure costs push gross margins from above 80% to the mid-70% range ahead of a