Databricks said it has acquired Tabular, a data management company founded by the original creators of Apache Iceberg. The companies said they're aiming to combine their open-source cred to build interoperable data formats.
Snowflake reported a mixed first quarter and said it will acquire technology assets and employees from TruEra, an AI observability platform that can manage evaluate large language models (LLMs).
MongoDB projected first quarter revenue of $436 million to $440 million with non-GAAP earnings of 34 cents a share to 39 cents a share. Wall Street was looking for revenue of $449.08 million with non-GAAP earnings of 61 cents a share.
Here's a look at what Snowflake CEO Sridhar Ramaswamy had to say on some core themes that'll matter to customers.
Box added a new integration with Microsoft Azure OpenAI Service in a move that will bring more large language models to Box AI, which is available to customers with Enterprise Plus plans.
Informatica is planning on riding digital transformation, which is still a work in progress for enterprises, a need to integrate data across vendors, clouds and on-premises and generative AI in 2024.
Commercial generative AI use cases are promising, but CXOs at the Hitachi Vantara Exchange in New York note there's a lot of work ahead--data management, privacy and training models--to scale.
Enterprises are racing to incorporate generative AI into business processes and 45% of chief digital officers say they already have, according to an Informatica survey.
