Databricks sales growth tops 80%, but margin are shrinking from swarm of AI agents
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- Revenue continues to soar as businesses swarm to the company's data analytics tools.
- "It's the consumption-based business model, agentic AI coming," Databricks CEO Ali Ghodsi told CNBC in an interview on Tuesday at the company's Data and AI Summit in San Francisco.
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Databricks has a unique role in the AI boom. Revenue continues to soar as businesses swarm to the company's data analytics tools. But as clients rely on more AI agents to clean up data and ask questions, Databricks is enduring higher costs, leading to lower margins.
"It's the consumption-based business model, agentic AI coming," Databricks CEO Ali Ghodsi told CNBC in an interview on Tuesday at the company's Data and AI Summit in San Francisco. "The agents are generating way more queries. We have all these agents, the agents and agent platform we have also generates revenue, so it just increases the consumption of everything all around."