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The data industry is consolidating, with Databricks' $1B Neon purchase, Salesforce's $8B Informatica deal, and more, fueled by the need for quality data for AI (Rebecca Szkutak/TechCrunch)

158d ago
Technology
Techmeme
Tech workspace
The data industry is experiencing significant consolidation, driven by the increasing demand for high-quality data to fuel AI development. Recent major acquisitions highlight this trend, including Databricks' $1 billion purchase of Neon and Salesforce's $8 billion deal for Informatica. These mergers and acquisitions reflect a strategic push to strengthen data capabilities and gain a competitive edge in the rapidly evolving AI landscape. The consolidation suggests a shift towards larger, more integrated data platforms that can provide comprehensive solutions for data management and analysis.
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