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Snowflake and Databricks CEOs debate growth and AI; reactions follow

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Snowflake and Databricks CEOs debate growth and AI; reactions follow

Business News Tech AI Snowflake and Databricks CEOs debate growth and AI; reactions follow

Sridhar Ramaswamy of Snowflake voiced concerns on social media questioning Databricks’ impressive 80% growth rate. He sought clarity on crucial aspects like free cash flow, obligations, and adjusted margins. In response, Databricks CEO Ali Ghodsi acknowledged their competitive dynamics while suggesting a collaborative potential. This dialogue sparked varied reactions, underscoring the complexities of financial disclosures. Ramaswamy also advocated for unified regulations on artificial intelligence across various models and entities.

Sridhar Ramaswamy , chief executive of data cloud company Snowflake, questioned rival Databricks’ 80% growth rate, asking for details on free cash flow, obligations, and margins after adjustments. In a social media post on Wednesday, Ramaswamy responded to an article by American investor Ben Horowitz about Databricks, asking the company to “release all the numbers.” He added, “Does 80% YoY become 65% when you remove pass-through inference? release all the numbers.does 80% yoy become 65% when you remove passthru inference?what does it become when you remove ai natives?and how much of it is from one time software license --> service transition?fcf, RPO, cRPO?op margin non-gaap, gaap? dilution?curious ppls want to knowps: @alighodsi happy for your success. the world is big and life long.https://t.co/lfuaz6DNPg

‘PS: @alighodsi, happy for your success. The world is big and life is long,’ Ramaswamy added. Ali Ghodsi is Databricks’ chief executive.

Snowflake competes with Databricks to help large companies store and analyse their data and, increasingly, build AI agents on its platform. Ghodsi was quick to respond to Ramaswamy’s post.


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