VENDORiQ: Databricks Launches Dolly 2.0, Acquires AI Storage and Governance Firms

After launching a ChatGPT alternative, Databricks announced its acquisition of an AI storage firm as well as an AI governance enterprise. What does this mean for organisational users?

The Latest

27 June 2023: After data analytics firm Databricks introduced Dolly 2.0 that grants a licence for commercial use so enterprises and businesses can fine-tune the ChatGPT alternative with their datasets, the company has announced its acquisition of AI data governance startup Okera that offers tools for discovering, classifying and tagging sensitive data. Earlier this month, it acquired Rubicon which offers storage infrastructure for AI.

Why It’s Important

More vendors are now racing to offer more robust platforms that cover more AI features. Databricks has been acquiring companies and entering the generative AI field. This reflects the trend of integrating products to manage the large amount of data generated by enterprises. IBRS predicts that tech companies will compete on holistic AI offerings such as ensuring compute power, availability and management of data, and governance capabilities. This ensures that enterprise users can build AI models through a single vendor, using vast amounts of data for training.

Who’s Impacted

  • CEO
  • AI developers
  • IT teams

What’s Next?

  • Adopt a strategic approach to both compute and storage requirements from the outset of each AI project. Consider investing in a robust and scalable storage system, ensuring efficient data ingestion processes that will allocate sufficient resources for data preparation and management.

Related IBRS Advisory

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