Databricks just hit a $100 billion valuation. Jason Lemkin, Harry, and Rory discuss whether AI is inflating tech valuations, predict compute usage will spike over the next two years, and explain how big cash offers from companies like Meta pressure startups to grow fast.
Like had a billion dollar quarters 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 rocks you back. And that's real competition. At some point you gotta match the dollars.
I think we're all gonna live in AI 247 and we're all gonna 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 fill the need to have an opinion just to fill the space.
That's why we have Jason.
Ready to go.
Guys, it's the holiday edition. I am dialing in from Greece, you guys are dialing in from the office, but we still get to do this. My mother is sitting outside and she's like, are you recording the Rory and Jason show? I'm like, this is the one show of mine you listen to these days. She's like, it's my favorite.
That's cause we're mean to you, Harry.
And you know, I think she actually likes you. She says, you bring me down a peg or two, Rory.
It needs doing, Harry. It needs doing.
Listen, I want to start with DataBricks now at 100 billion doll worth more than Snowflake. I wanted to start with how we thought about news of it hitting $100 billion. And we can touch on that first before we move on to what it means in terms of founder led companies and them inherently being better or more valuable.
Well, I'll tell you, it's funny, when I saw it in the journal, it shows the times we live in. It seems small. I mean, snowflakes were 60 something billion. So the private worlds and the public worlds are like two different worlds. But this is the. If I'd seen this a year ago, you know, I would have fallen out of my chair. This is just for fun. Then we could talk about its relative, whether it's a good Rory will help us figure out if it's actually a bargain. But it's funny how I don't blink a blink an eye for 100 billion in the day age of AI just didn't even blink an eye.
Yes, that is the meta comment. You exactly what it's like. Oh, yeah, database. I mean, if you'd said five years ago, it's going to be $100 billion market cap, private company, you'd be like, no way. And, you know, you got anthropic at 170, you got SpaceX at 360, you've got OpenAI at 500. The correct response is, yeah, like, whatever, you know.
