Databricks Strikes $1.3B Deal for Generative AI Startup MosaicML
I can’t help but feel this is mostly hype driven by a company that’s looking to reinvent themselves while facing the prospect of irrelevance. The piece reads like it’s a press release, with abstract things such as “corporate leaders under pressure to get their data ready for AI”. That has nothing to do with LLMs, as the current AI “hype” cycle has been going on for almost a decade already. Corporate leaders have always been under pressure to get their data cleaned and in the correct shape, and Databricks’ business model is to sell to these corporate leaders expensive packages combined with consultancy with generally very high operational costs. Compared to 5 years ago, nowadays I rarely encounter people that actually care about Databricks’ product offering.