Search results for Unity AI Gateway
AI & Enterprise
Databricks annualised revenue tops $7 billion
Databricks said on Thursday its annualised revenue had exceeded $7 billion. The company said it grew by more than 80 percent in the second quarter from a year earlier and completed a $5 billion strategic investment round that valued it at $190 billion. Databricks said it will use the funds to accelerate innovation in core AI products including Lakebase, Genie and Unity AI Gateway. Coatue led the round, with Blackstone, MGX and T. Rowe Price Associates participating.
AI & Enterprise
AI cost concerns surge as OpenAI, Anthropic step up South Korea push
More companies are restricting employee use of AI tools after widely rolling them out, citing rising costs. Amazon, Walmart, Cisco, Uber and Meta are setting usage limits, curbing waste and steering staff to cheaper models as AI agents drive higher computing demand. Interest in low-cost models is growing, with surveys showing Chinese models leading U.S. rivals in token usage. Anthropic opened a Seoul office and OpenAI expanded activities in Korea, including an MOU on AI safety.
AI & Enterprise
Databricks unveils Unity AI Gateway tool to control AI costs
Databricks has released Unity AI Gateway, a tool designed to help companies control AI spending, Axios reported on June 16. The company introduced the product after confirming that some customers unintentionally spent tens of millions of dollars on AI costs in a single month. As AI agents spread without human oversight, AI usage can rise and costs can exceed budgets. Existing cloud cost tools often flag overspending only after it occurs.