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Analysis of Databricks' Lilac Acquisition

According to a recent report, the Data Science Platforms market is estimated to grow at 77% CAGR to reach $322.9 billion by 2026. Databricks, a leading data analytics solution provider, recently reported its annual revenues that grew more than 50%. Databricks's Financials San Francisco-based Databricks was set up with the objective of integrating data engineering, science, and analytics on an open, unified platform to help data teams collaborate and innovate faster. The company remains privately held and does not share details of its financials. Earlier this year, it announced that its revenues had grown more than 50% to over $1.6 billion. Databricks did not give further details on profitability or revenue segmentation besides informing that its data-warehousing product, launched in December 2021, is operating at an annual revenue run rate of $250 million. Last year, Databricks had a pre-IPO funding round when it raised $500 million in a round led by Nvidia at a valuation

Boston , Massachusetts , United-states , Databricks-aiacquisitions , Nvidia , Data-science-platforms , Francisco-based-databricks , Counterpoint-global , Paris-based-mistral , Databricks , Lilac , Technology-stocks

earnings: 'Magnificent 7' earnings under watch amid tech slump

But hope is on the horizon. Profits for the Mag Seven - which also includes Apple, Amazon.com and Nvidia - are forecast to rise 38% in the first quarter from a year ago, dwarfing the overall S&P 500's 2.4% anticipated year-over-year earnings growth, according to Bloomberg Intelligence data.

Anthony-saglimbene , Google , Nasdaq , Microsoft , Goldman-sachs-group , Nvidia-corp , Nvidia , Big-tech , Meta-platforms , Magnificent-seven- , Mag-seven , Bloomberg-intelligence

H2O.ai Builds Smaller AI Models | Sramana Mitra

The growth in the AI industry has led to the increasing size of the AI models. OpenAI's ChatGPT and Google's Bard, for instance, are composed of more than 100 billion parameters. GPT-4 is estimated to be built out of over 1 trillion parameters. However, these large parameters require substantial computing power, have high operating costs, and can perpetuate harmful biases if not carefully monitored. The high resource requirement makes these large AI models inaccessible to smaller players. Mountain View-based H2O.ai is helping democratize AI adoption by working on smaller AI models, some that weigh as little as 1.8 billion parameters. H2O.ai's Offerings Founded in 2012 by open-source focused Cliff Click and Satish Ambati, H2O.ai began with the idea that there should be freedom around the creation and use of AI. H2O.ai's open source framework known as H2O allows data scientists and developers access to a fast machine learning engine for their applications. It works both on top of

New-york , United-states , Australia , Google-bard , Satish-ambati , Google , Nvidia , Goldman-sachs , Wells-fargo , Commonwealth-bank , Cliff-click , Azure-data-lake

5 Best Technology Stocks to Buy in April 2024, According to Analysts

These are the 5 Best Technology Stocks to buy in April 2024, as per Wall Street analysts. Tech stocks carry high growth potential and are often dis...

Technology-stocks , Wall-street , News , Ggregator , Reaking-news , Uration , Edia ,

AI Unicorns: Cohere is Looking to Double its Valuation

According to a report published last year, the generative AI market is expected to grow at 42% CAGR to reach $1.3 trillion in 2032 from $40 billion in 2022. The growth in the industry is expected to be driven by training infrastructure for large language models (LLMs) along with specialized software and services for the industry. The boom in the industry has seen several smaller players making significant investments in the technology. One such player is Cohere. Cohere's Offerings Toronto, Canada-based Cohere was founded in 2019 by Aidan Gomez, Ivan Zhang, and Nick Frosst. Prior to setting up Cohere, Aidan was one of the first few hires at Google's Toronto AI lab and had co-authored the paper "Attention Is All You Need", which is known as one of the founding principles behind artificial intelligence. The paper had introduced the concept of Transformer architecture, which has become the key pillar for LLMs. Unlike other generative AI companies, Cohere prides itself in building

Toronto , Ontario , Canada , Nick-frosst , Ivan-zhang , Aidan-gomez , Nvidia , Schroders , Oracle , Google , Canada-based-cohere , Retrieval-augmented-generation

Cloud Stocks: Adobe Monetizing its Generative AI Tools

Adobe (NASDAQ: ADBE) recently reported its quarterly results that were ahead of market expectations. However, it provided a weak outlook that sent the stock tumbling 11% in the after-hours trading session. Adobe's Financials Adobe's first quarter revenues grew 11% to $5.18 billion, ahead of the market's estimates of $5.14 billion. Adjusted EPS of $4.48 also beat analyst estimates of $4.38. During the quarter, Digital Media segment revenue grew 12% to $3.82 billion with creative revenue growing 11% to $3.07 billion and Document Cloud revenue growing 18% to $750 million. Net new Digital Media Annualized Recurring Revenue (ARR) was $432 million, exiting the quarter with Digital Media ARR of $15.76 billion. Digital Experience segment revenue grew 10% to $1.29 billion with Digital Experience subscription revenue growing 12% to $1.16 billion. Last quarter, Adobe paid $1 billion in termination fee to Figma as it terminated the $20 billion acquisition plan. For the second quarter,

Ibm , Digital-media , Document-cloud , Digital-media-annualized-recurring-revenue , Digital-experience , Creative-cloud , Adobe-firefly , Generative-fill , Acrobat-liquid-mode , Asdaq-adbe- , Adobe

Cloud Stocks: Analysis of Salesforce's AI Acquisitions

Salesforce (NYSE: CRM) recently announced its fourth quarter results that continued to surpass market expectations. However, the disappointing outlook sent the stock slipping 2% in the after-hours trading session. Salesforce's Financials Salesforce's revenues for the third quarter grew 11% to $9.29 billion, ahead of analyst estimates of $9.22 billion. Adjusted earnings of $2.29 per share were better than the market's forecast of $2.26 per share. By segment, Subscription and support revenues grew 12% to $8.75 billion. Professional services and other revenues fell 9% to $0.54 billion. Current remaining performance obligations grew 12% to $27.6 billion, better than the outlook of $27.09 billion. Its annual revenue grew 11% to $34.86 billion. Subscription and support revenues for the full fiscal year grew 12% to $32.54 billion, and professional services and other revenues were flat at $2.32 billion. For the first quarter, Salesforce forecast revenues of $9.12-$9.17 billion and

Salesforce-app-exchange , Einstein-copilot , City-based-airkit , Salt-lake-city-based-spiff , Sales-performance-management , Yse-crm- , Salesforce , Technology-stocks ,

Cloud Stocks: BlackLine Leverages AI for Industry First Offerings

Accounting software solution provider BlackLine (NASDAQ: BL) recently announced its fourth quarter results that shattered market expectations. The company remains committed to a long-term strategy and vision of focusing on solutions across financial close, consolidation, intercompany accounting, and invoice-to-cash as it enhances its product offerings. BlackLine's Financials BlackLine's fourth quarter revenues grew 11% to $155.7 million, ahead of the market's estimate of $154.2 million. Adjusted net income of $0.69 per share was also ahead of the Street's estimated $0.55 per share. For the full year, BlackLine's revenues grew 13% to $590 million and EPS was $0.81. Among key metrics, total users came in at almost 386,815 compared with the analyst average estimate of 394,345. It ended the quarter with almost 4,400 customers. Revenues from professional services fell 5% to $8.58 million and revenue from subscription and support improved 12% to $147.16 million. Analysts

Microsoft , Nasdaq , Intercompany-predictive-guidance , Microsoft-teams , Microsoft-dynamics , Asdaq-bl- , Blackline , Technology-stocks ,

Post strong Nvidia results and a tech rally, UBS believes tech rally has room to run

Despite a 24 percent advance in the tech-heavy Nasdaq since late October last year, UBS continues to see a potential for further gains in technology stocks, especially those that would benefit from the AI revolution.

Jensen-huang , Microsoft , Nvidia , Nasdaq , It-sector , It-stocks , Nvidia-market-capitalisation , Nvidia-results , Nvidia-december-quarter-results , Nvidia-market-cap , Nvidia-mcap , Us-it-stocks

Cloud Stocks: Atlassian's Cloud Story Hits a Bump

Enterprise collaboration solutions provider Atlassian (Nasdaq: TEAM) recently announced its second quarter results that surpassed market expectations. This was a milestone quarter for the company as it surpassed $1 billion in revenues for the first time. Atlassian's Financials For the second quarter, revenues grew 21% to $1.06 billion, ahead of the market's forecast of $1.02 billion. Adjusted EPS for the quarter of $0.73 was ahead of the market's forecast of $0.62. By segment, Subscription revenues came in at $932.2 million compared with $711.2 million a year ago. Maintenance revenues fell from $106 million to $69.1 million. Other revenues grew 6% to $58.8 million. For the third quarter, Atlassian expects revenues of $1.085-$1.105 billion, compared with the Street's estimate of $1.065 billion. Atlassian's AI Growth Atlassian continued to move forward with its product enhancements. It recently announced the general availability of Atlassian Intelligence, which will bring

Canada , Jira-service-management , Jira-software , Atlassian-intelligence , Jira-service , Data-residency , Asdaq-team- , Atlassian , Technology-stocks ,