New AI-deal for Ghodsi and Databricks
Databrick’s Swedish-Iranian CEO Ali Ghodsi has signed a five-year deal with Amazon Web Services to use its Trainium AI chips, cutting costs for businesses building AI systems.
San Francisco-based startup Databricks has entered into a five-year agreement with Amazon Web Services (AWS) to utilize Amazon's Trainium AI chips. This move, aimed at reducing costs for businesses building their own AI systems, strengthens the existing partnership between Databricks and AWS.
For Amazon, the deal reinforces its position as a neutral provider of AI technology, allowing businesses to customize various AI models on its platform. Databricks also generates revenue by renting out analytics, AI, and cloud-based software for enterprise solutions.
Swedish-Iranian Ali Ghodsi, co-founder and CEO of Databricks, has successfully led the company’s rise to become one of Silicon Valley’s hottest cloud and AI companies. Ghodsi, who earned his PhD from KTH Royal Institute of Technology and is also a professor at UC Berkeley, has positioned Databricks as a leader in AI and big data. Valued at over $43 billion, Databricks is backed by major investors, including Andreessen Horowitz. Speculation about an upcoming IPO has long surrounded the company.