logo
India's digital businesses are innovating faster with Data + AI, says Databricks founder

India's digital businesses are innovating faster with Data + AI, says Databricks founder

Time of Indiaa day ago

Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
India's digital-native businesses are artificial intelligence (AI)-hungry and ahead of the curve from global peers when it comes to innovation with data and AI , said Ali Ghodsi, founder and chief executive of Databricks 'India's great because when the rest of the world is talking about recession, India is on the upswing. And in the last decade, they've built a lot of digital infrastructure in India, which is a game-changer. India's ahead on digital infrastructure compared to most other countries in the world,' Ghodsi said while addressing the media at the Databricks Data + AI Summit in San Francisco on Wednesday.The Silicon Valley's data and AI company Databricks recently committed a $250 million investment in India over the next three years towards local R&D, talent development, and enterprise adoption of AI."We're doubling down on Bangalore. We hired a huge engineering team. We target the IITs," he said, mentioning an instance where the company received 700 applications from IIT graduates for just four open positions in Bangalore.Ghodsi said that the company is extremely bullish on Asian markets, including India, South Korea, Australia and New Zealand, which are moving faster than the rest of the world on AI because of the relaxed regulatory environment.'We're investing ahead of the game there. We're not just looking at how much revenue we get? Is the ROI there? Instead. We're saying, let's put even more there than the numbers justify, because we're so bullish on what's happening in Asia,' he said.At the annual conference on Wednesday, Databricks made a slew of bold announcements challenging traditional players in database management, AI apps and agents. Here's a rundown of key announcements:Taking a fresh approach to agentic AI, Databricks is focusing on the quality and cost of productising agents with 'Agent Bricks', an offering that directly challenges Salesforce's Agent Force and Google's Agent Space.'There are a lot of challenges in the industry around building agents. We can't evaluate the quality of the agents. We don't know how these agents are doing in production,' Ghodsi said, adding that there are no evaluations or benchmarks for judging the performance of agents.Hence, Databricks is introducing LLM judges for automated evaluations. Agent Bricks' auto optimisation techniques, such as knowledge extraction and multi-agent supervisor can refine the agent for the best quality output, sometimes at 10 times lower cost.Challenging the traditional database platforms like Oracle Database, MySQL, Microsoft SQL Server, and PostgreSQL, Databricks announced Lakebase, a first-of-its-kind fully-managed Postgres database built for AI.'We think that's going to disrupt the existing database market, which has really not changed much in 40 years. But I think now is the time where it's actually under a lot of pressure with agents coming in,' Ghodsi said, adding that the company is targeting a $100 billion total addressable market with Lakebase.Databricks, last month, announced the acquisition of Neon, a leading serverless Postgres company, which showed that over 30% of the databases at Neon were actually created by agents, not by database administrators. 'So next year, it's probably 99% plus.'Therefore, in the new AI era, enterprises need different types of databases where compute and storage are completely separated, he explained. 'You just store the database on very cheap cloud storage in an open format so you're not locked into anyone (single vendor).'Over 300 Databricks customers are already using Lakebase, and this transition is going to be the most important marathon for the next five years, he said.To close the AI talent gap, Databricks also announced the free edition of its platform, along with a $100 million global investment in data and AI education. This initiative gives students, professionals, and institutions free access to Databricks tools and training.Among other notable announcements made was the Lakeflow Designer, a new no-code capability that lets non-technical users create data pipelines using a visual drag-and-drop interface and a natural language GenAI assistant.(The reporter was in San Francisco at the invitation of Databricks)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

AI's success must be measured in economic impact, not benchmarks: Satya Nadella
AI's success must be measured in economic impact, not benchmarks: Satya Nadella

Time of India

timean hour ago

  • Time of India

AI's success must be measured in economic impact, not benchmarks: Satya Nadella

The true metric of success of artificial intelligence (AI) must be measured in terms of its economic impact and real growth in global gross domestic product (GDP), said Satya Nadella , chief executive, Microsoft . '…the ultimate measure for me always is not some AI benchmark, it is the GDP growth in the real world that means it's the growth in a firm. And that's, I think, where we're seeing absolutely real evidence that this is scaling,' he said in a conversation with Ali Ghodsi, founder and chief executive, Databricks , at the company's annual conference in San Francisco on Thursday. When asked about drawing the line between AI hype versus real value add, Nadella outlined how AI should serve as an amplifier of existing enterprise investments. 'If the new technology somehow builds on the investments they've already made and compounds the effects for them, then that is a true value-add.' Nadella reflected on the acceleration in AI development across pre-training, inference, and application maturity over the last two years. 'It's the compounding effects of all the S-curves, right? There is the pre-training S-curve, and then there is now the test time compute S-curve. There is just the application tier getting a more mature S-curve… It's that combination that's been pretty stunning to see,' he said. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories He also described how human-AI interaction is progressing beyond conversational AI toward operational automation. 'We started by saying, wow, I can now have intelligence that I can chat with. Then we said, oh, we can assign tasks to the intelligence, and now we effectively can have digital coworkers.' Nadella emphasised the enterprise-wide usage of AI agents along with tools like GitHub Copilot and Databricks connectors. 'You are now getting to a place where it's become standard issue… every employee inside the enterprise is able to either manage agents, create agents, orchestrate agents in order to create that next level of automation around them.' The two companies announced a multi-year extension of their decade-long partnership for the Azure Databricks cloud platform . Parallelly, Databricks also announced a new product partnership with Google Cloud to make the latest Gemini models available within Databricks' platform to build, deploy, and scale AI agents. (The reporter was in San Francisco at the invitation of Databricks).

India, China discuss rare earth curbs amid auto industry concerns
India, China discuss rare earth curbs amid auto industry concerns

Business Standard

time2 hours ago

  • Business Standard

India, China discuss rare earth curbs amid auto industry concerns

By Sudhi Ranjan Sen and Alisha Sachdev Indian officials discussed China's rare earth restrictions during talks with that country's vice foreign minister this week, people familiar with the matter said, as automakers continue to warn of a looming shortage that may disrupt output in the South Asian nation. The issue was raised during a meeting on Thursday between Foreign Secretary Vikram Misri and China's Vice Foreign Minister Sun Weidong in New Delhi, the people said, asking not to be identified because the discussions were private. The two sides agreed to hold further talks about critical mineral supplies and broader economic and trade issues, they said. China's export curbs on rare earth magnets — used in everything from smartphones to electric vehicles — are causing delays in shipments of auto parts to India, worrying carmakers about major disruptions to production. There are some signs that Indian automakers may be facing tougher conditions than their counterparts in other countries in securing the supplies from China, with Beijing rejecting some applications for India-bound shipments. In a readout of the meeting between Misri and Sun, India's Ministry of External Affairs didn't specifically refer to the discussion about rare earths, although it hinted at ongoing talks. 'The two sides agreed to hold certain functional dialog including in the economic and trade areas to discuss and resolve specific issues of concern,' the ministry said on Friday, without providing details of any future meetings. China's Ministry of Foreign Affairs said in a statement that Sun and Misri 'held a candid and in-depth exchange of views on bilateral exchanges and cooperation as well as international and regional issues of mutual interest.' Indian carmakers have been lobbying the government to push China to ease restrictions on rare earth magnets. They're also planning to visit Beijing this month to make their case to officials and suppliers there, people familiar with the matter said. A proposed delegation of about 20 members from auto and component firms is awaiting support from the Chinese embassy to secure appointments in Beijing, they said. The fact that India has now raised the rare earth issue with China in a diplomatic forum signals to automakers that a resolution may be in sight. Recent trade talks between the US and China have also increased optimism that restrictions may be eased. The two-day visit by Sun follows Misri's trip to Beijing in January, and comes as both countries take steps to rebuild ties following the end of a four-year border stalemate. President Xi Jinping and Prime Minister Narendra Modi pledged in October last year to stabilize relations. Global uncertainty triggered by US President Donald Trump's upheaval of trade have also added to the urgency for the Asian neighbors to normalize ties. After the deadly border clashes in 2020, India increased legal scrutiny to discourage Chinese investments, banned thousands of mobile phone applications and curbed visas. The two sides agreed during the talks this week to speed up the process to restart direct flights and take 'practical' steps to facilitate visas, the MEA said in its statement Friday. Officials 'agreed to continue to stabilize and rebuild ties with priority on people-centric engagements,' the MEA said.

Equity indices tumble at Friday close amid Middle East tensions, crude price spike
Equity indices tumble at Friday close amid Middle East tensions, crude price spike

New Indian Express

time3 hours ago

  • New Indian Express

Equity indices tumble at Friday close amid Middle East tensions, crude price spike

CHENNAI: Indian equity markets ended sharply lower on Friday, mirroring the bearish sentiment across Asian peers, amid rising geopolitical tensions in the Middle East and a significant spike in crude oil prices. Escalating hostilities between Israel and Iran weighed heavily on investor sentiment, triggering broad-based selling across key indices. BSE Sensex dropped 573.60 points or 0.70% to close at 81,118.60, after hitting an intraday low of 80,354.59. While, NSE Nifty50 fell 169.60 points or 0.68%, settling at 24,718.60. The sell-off extended to the broader markets as Nifty Midcap 100 declined 0.24%, and Nifty Smallcap 100 ended 0.43% lower. Sectoral indices witnessed mixed movement, with most ending in the red. The top losers were Nifty PSU Bank (-1.12%) and Nifty FMCG (-1.05%) Other sectors under pressure included Metal, Financial Services, Auto, Energy, Pharma, Consumer Durables, and Oil & Gas

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store