61. Databricks Disrupts Snowflake’s Moat, Erratic Earnings, To IPO or Not

theCUBE Podcast

In episode 61 of The Cube podcast, theCUBE Research analysts John Furrier and Dave Vellante dive into the latest enterprise news and technological advancements, including significant developments in AI, such as Elon Musk's $6 billion fundraising and OpenAI's strategic media deals with Vox Media and Atlantic.New episodes every Friday. Subscribe for weekly tech analysis.
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YouTube: https://lnkd.in/g5NaFcRuDell's AI-driven server growth is another topic of discussion as the company experiences an impressive revenue spike but flat profits due to high costs associated with Nvidia components. In addition, the competitive landscape between Databricks and Snowflake is explored, highlighting Databricks' Unity Catalog as a game-changing governance engine.To see John and Dave in action, follow theCUBE's live event coverage at https://www.thecube.net/Other tech market shifts, such as the downturn in software earnings for companies like Salesforce and UiPath, and the growing focus on military technology influenced by current global conflicts are also discussed.Read more about the current episode of theCUBE Pod https://siliconangle.com/2024/06/03/snowflake-databricks-furrier-vellante-thecubepod/This Week in Enterprise:Look out below: AI’s double-edged sword slashes Dell, MongoDB, Salesforce and morePerhaps it shouldn’t come as a surprise that the artificial intelligence boom was never going to be unalloyed good for every enterprise technology provider looking to leverage AI.But this week, investors got a taste of the downside and they didn’t like it, sending stocks of Dell Technologies, MongoDB, Salesforce, UiPath Nutanix, Workday and more plummeting as it became apparent that spending on generative AI technologies such as ChatGPT is stealing budget from other tech spending, at least on the software side. And for Dell, all those AI servers it sold didn’t produce better profits because, as theCUBE Research Chief Analyst Dave Vellante says, all the profit in hardware is going to Nvidia.It will be interesting to see how June quarter results for many of the biggest tech providers such as Microsoft and Google fare toward the end of July, but investors will be very wary.Meantime, the battle for AI dominance rages on, as Elon Musk’s xAI raised $6 billion and CoreWeave reportedly is planning a 2025 initial public offering of stock. And companies such as Google, which stepped in the AI mud again with bizarre answers with its new AI Overviews service, are striving the fix generative AI issues that may not have a ready solution.Check out the full article https://siliconangle.com/2024/05/31/look-ais-double-edged-sword-slashes-dell-mongodb-salesforce/For daily news for CIOs, check out our parent publication at https://siliconangle.com/Watch the full lineup of theCUBE Pod https://www.youtube.com/playlist?list=PLenh213llmcYe7nXWic9QsnHUD5fqbEwuPeople mentioned in this podcast:
#theCUBEResearch #AI #OpenAI #DellTech #Nvidia #Databricks #Snowflake
#Salesforce #UiPathTags: theCUBE Pod, theCUBE Research, Artificial intelligence, AI, OpenAI, Dell Technologies, Nvidia, Databricks, Snowflake, Salesforce, UiPath