Databricks has announced the open-sourcing of its three-year-old Unity Catalog platform during its annual Data and AI summit. The previously proprietary platform will now be available under an Apache 2.0 license, allowing other companies to utilize and modify the underlying architecture and code without incurring costs. The Unity Catalog will also include an OpenAPI specification, server, and clients, allowing enterprises to access and manage their data and AI assets without vendor lock-in. This
A year after his last stock sales, Michael Speiser just bought $10 million of shares of the data-warehousing software firm.
It wasn’t too long ago that software stocks were more desirable than semiconductor stocks. With recurring revenue and near-unlimited scalability, software companies offering networking, cloud and data technology were synonymous with exponential growth potential. While that isn’t wrong, not all companies were able to forecast and profit from the emergence of AI. While larger cloud companies like hyperscalers have been able to continue finding incredible growth, many companies in this sector have