Data Company Databricks Grows Fast as Businesses Rush to Build AI Tools

Databricks now earns at a pace of $7 billion per year, up 80% from a year ago — faster growth than last December, when it stood at $4.8 billion. CEO Ali Ghodsi credited businesses wanting AI assistants. A product called Lakebase, launched last June for storing AI agent data, already hits $100 million. The company is profitable on cash flow.