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Tag: Databricks
Databricks exec explains why open banking will disrupt finance the same way open source upended software
“Mostly, open banking is about data. Specifically, it systematizes the reality that the most important asset for a financial service institution (FSI) today is no longer capital or scale, but rather data. The decisive factor for adaptation and survival will be the speed at which they can analyze customer information through the use of algorithms…
Artificial intelligence startup Databricks is now worth $2.75 billion after raising $250 million from Andreessen Horowitz and Microsoft
“‘Many companies are excited to AI, but they’re struggling. It’s because the problems they’re trying to solve is different from sexy A.I.,’ Ali Ghodsi, CEO and co-founder of Databricks, told Business Insider. “We’re the only company that focuses on how can you do the boring things and A.I. together. We don’t see any vendors out…