Databricks said it will acquire Neon, which offers serverless Postgres database services. Databricks' move into the database market is part of its plan to enable agentic AI workloads.
IBM said it has acquired data and AI consultant Hakkoda in a deal that will give it data migration platform services. Hakkoda is a big partner for Snowflake.
Boomi said it has enhanced Boomi for SAP to ease the migration of business data into SAP Datasphere.
MongoDB launched new Atlas features and integrations with Microsoft Azure, Google Cloud and Amazon Web Services as well as an expanded partner program. The effort, announced at MongoDB.local NYC, is designed to make it easier for developers to scale MongoDB applications across clouds and edge infrastructure.
Informatica said its first quarter results will be at the upper end of its guidance given in February and is "not currently engaged in any discussions about being acquired."
As the licensing boom for model training data kicks off, I want to see a nutrition label on LLMs, and a list of data sources used for training. I'd also want to check off sources too.
Enterprises are racing to incorporate generative AI into business processes and 45% of chief digital officers say they already have, according to an Informatica survey.
When it comes to artificial intelligence and generative AI enterprises are still weighing options, trying to scale pilots and balance short-term returns and efficiency with long-term business transformation. These businesses are also wrestling with generative AI hype vs. reality.
The company ended the quarter with 402 customers generating more than $1 million in revenue.
Snowflake said it will host and run NeMo in its Data Cloud and include NeMo Guardrails, which ensures applications line up with business specific topics, safety and security.
Databricks said Lakehouse Apps are designed to enable customers to access applications that run within their Lakehouse instance with their own data.
