
Databricks launches Lakebase — a serverless OLTP platform that rethinks transactional databases
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Databricks leans into AI-driven growth as revenue run-rate passes $5.4B
Databricks reported a $5.4 billion revenue run-rate with 65% year-over-year growth and says AI products now generate more than $1.4 billion of annualized revenue. The company closed a $5 billion private financing at a $134 billion valuation, added a $2 billion credit facility and is prioritizing agent-ready interfaces, governance and safety as it competes with Snowflake, model hosts and AI-native entrants.

Snowflake launches Cortex Code — an AI coding agent that reads enterprise data context
Snowflake introduced Cortex Code, an AI assistant that embeds enterprise dataset metadata, governance and pipeline awareness into developer workflows. The tool is available as a CLI for local editors today and will appear in Snowflake’s web UI soon; it builds on Snowflake’s model‑partner strategy (including deals that surface external LLMs inside the platform) but raises familiar questions around compute costs, procurement and auditability as agent‑style tooling gains traction.
