Databricks at $100BN, CoreWeave’s $11B Debt Bet & Nubank’s $2.5B Profit Shocker

Name: Databricks at $100BN, CoreWeave’s $11B Debt Bet & Nubank’s $2.5B Profit Shocker
Uploaded: 2025-08-21T21:02:34+00:00
Duration: 37 s
Channel: Jason M. Lemkin
Description: Databricks hit $4 billion revenue with 50% growth and could reach $100 billion valuation. CoreWeave is using massive capital offers from Meta to force…

21 Aug 2025 · 1 min

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Databricks hit $4 billion revenue with 50% growth and could reach $100 billion valuation. CoreWeave is using massive capital offers from Meta to force competitors into matching commitments for AI compute expansion. Nubank surprised everyone with a $2.5 billion profit.

Snowflake had a billion-dollar quarter growing 26%. Databricks just said they're crossing $4 billion, growing 50%. It actually makes Databricks sound undervalued. Now, this episode is a cracker. We discuss CoreWeave, Nubank, Databricks hitting $100 billion and much more.
One thing I've learned about large amounts of money, what people say they'll do is meaningless. When you get the $10 million or $100 million offer from Meta, it walks you back, and that's real competition. At some point you got to match the dollars.
I think we're all going to live in AI 24/7, and we're all going to use 10 times the tokens and 10 times the compute we are now in 24 months? Like, help me do the math. How much more do we need to spend on infrastructure?
One of the things I'm learning, especially on this podcast, is to not to try and feel the need to have an opinion just to fill the space.
That's why we have Jason M.
Lemkin.