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I can’t help feeling it is the first major misstep from databricks , they are raising the money for their hosted Postgres and ai platform. Ai is not far away f
by ed_elliott_asc 1y ago
I can’t help feeling it is the first major misstep from databricks , they are raising the money for their hosted Postgres and ai platform.
Ai is not far away from dropping to the “trough of disillusionment” and I can’t see why databricks even needs Postgres.
Hopefully I’m wrong as I’m a big fan of databricks.
- benrutter 1y agoDefinitely seem like bad investments from my perspective on databricks. Databricks is great at offering a "distributed spark/kubernetes in a box" platform. But its AI integration is one of the least helpful I've experienced. It's very interuptive to a workflow, and very rarely offers genuinely useful help. Most users I've seen turn it off, something databricks must be aware of because they require admins permission for users to opt out of AI. I don't mean to rant, there's lots that is useful in databricks, but it doesn't seem like this funding round is targeting any of that.
- ed_elliott_asc 1y agoYeah doesn’t seem like core functionality
- bayindirh 1y agoEverybody wants a pie in that AI bubble, whether it sticks or not, and that's a bad thing for companies' long term vision. It might come down like the dotcom bubble like fallout when this thing bursts.
- teleforce 1y ago>Most users I've seen turn it off, something databricks must be aware of because they require admins permission for users to opt out of AI. This is a very worrying trend of having AI enabled by default that you cannot turn it off unless you're the admin.
- boppo1 1y agoFirst I've heard of this, but I don't work in tech. Absolutely insane behavior.
- alwahi 1y agoi don't think that it is possible to raise a 100 billion without name dropping ai in every sentence in every meeting you have with a potential investor....
- quickthrowman 1y agoThey are not raising $100B, they are raising money at a valuation of $100B.
- Temporary_31337 1y agowhat is the investor thesis for coming in with such a multiple? You know they will have to find a a greater fool, possibly the public to buy at an even higher ratio to break any profit on that....
- chris_va 1y agoThis isn't really venture investing at this point. The valuation risk calculation is very different for preferred shares than common stock, and with a healthy ARR they have very little risk (maybe not much profit, but it's not that different than a bond on some level...).
- whalesalad 1y agoThe first major misstep? Brother they already raised A, B, C, D, E, F, G, H and I. At what point do you end the suffering?
- karmajunkie 1y agoMy personal theory of startups starts with "Series F is for F*cked", I have no idea what it takes to get to a Series K...
- lamp_book 1y agoAnyone investing is in a k hole
- deleted 1y ago[deleted]