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Market
Databricks overtakes Snowflake in market cap by June 30, 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Financial market data from sources like Bloomberg or Yahoo Finance
Story
Databricks Acquires Tabular to Enhance Data Management and Challenge Snowflake
Jun 4, 2024, 04:02 PM
Databricks has announced its acquisition of Tabular, a data platform developed by the original creators of Apache Iceberg. This strategic move is expected to enhance Databricks' capabilities in data management, particularly by bringing format compatibility to its lakehouse for Delta Lake and Apache Iceberg. The acquisition is seen as a significant step in strengthening Databricks' position in the competitive landscape against rivals like Snowflake. The integration of Tabular's technology is anticipated to accelerate product development and optimize cloud-stored data, aligning with the rising importance of data strategies in the AI-driven market. This acquisition underscores the necessity of a robust data strategy in any AI strategy and reflects the strong influence of the Iceberg community.
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