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GenAI has a killer app. It's coding, says Databricks AI head Naveen Rao

Livemint

Livemint · 1y ago

GenAI has a killer app. It's coding, says Databricks AI head Naveen Rao

Naveen Rao, VP of Generative Artificial Intelligence at Databricks, believes that coding is the killer app in the field of artificial intelligence (AI). He suggests that coding tasks are getting automated, which will shift the focus to product design and user experience innovation. Rao also believes that AI models still struggle with reasoning and lack true learning capabilities. He discusses the importance of hardware in the AI wave and mentions Databricks' work in task automation and creative processes. Rao emphasizes the role of data in AI implementation and the need to define clear success criteria. He also acknowledges the impact of AI on jobs and the importance of balancing innovation with responsible AI.

Related News

Databricks AI chief to exit, launch a new computer startup - The Economic Times

Economic Times

Economic Times · 1m ago

Databricks AI chief to exit, launch a new computer startup - The Economic Times

Naveen Rao, AI chief at Databricks Inc., plans to exit his role to establish a startup focused on developing next-gen computing technology to combat rising AI computing costs. Databricks confirmed Rao's transition to an advisory role and its investment in his new venture. Rao, known for successful ventures like MosaicML and Nervana Systems, is expected to attract significant investor interest, joining a trend of tech leaders launching innovative startups. Databricks recently raised $1 billion, enhancing its valuation.

India's digital businesses are innovating faster with Data + AI, says Databricks founder

Economic Times

Economic Times · 4m ago

India's digital businesses are innovating faster with Data + AI, says Databricks founder

Databricks founder Ali Ghodsi highlighted that India's digital businesses are leading in AI innovation, surpassing global counterparts. The company is investing $250 million in India for R&D, talent development, and AI adoption, focusing on Bangalore and targeting IITs for talent. Databricks is optimistic about Asian markets due to relaxed regulations. The company unveiled key initiatives like "Agent Bricks" for AI agent optimization, "Lakebase" database, and free Databricks access to bridge the AI talent gap.

French AI startup Mistral launches AI model Medium 3

YourStory

YourStory · 5m ago

French AI startup Mistral launches AI model Medium 3

Paris-based AI startup Mistral has launched Mistral Medium 3, a new AI model for enterprise use, outperforming rivals like GPT-4o. The model is 8x more cost-effective, supporting coding, multimodal understanding, and enterprise capabilities, including hybrid deployment and custom post-training. It's designed for professional use, excelling in coding and STEM tasks, and is suitable for domain-specific training. Available via API on La Plateforme and Amazon SageMaker, it's being adopted in finance, energy, and healthcare sectors.

Sequoia Capital says AI bigger opportunity than prior technology waves

Economic Times

Economic Times · 5m ago

Sequoia Capital says AI bigger opportunity than prior technology waves

Sequoia Capital views AI as a massive opportunity, predicting a tech wave by 2025 with AI agents. At their AI Ascent 2025 event, partners highlighted AI's market potential, claiming it's at least ten times larger than cloud computing. Coding is identified as the breakout AI application. The firm expects a transition towards agent-first AI, with vertical agents evolving to specialize in specific industries. The AI services market is anticipated to surpass previous tech transitions, supported by existing resources.

Who is Varun Mohan, the Windsurf CEO Google beat ChatGPT-maker OpenAI to hire? - The Economic Times

Economic Times

Economic Times · 3m ago

Who is Varun Mohan, the Windsurf CEO Google beat ChatGPT-maker OpenAI to hire? - The Economic Times

Google has hired key team members from AI code generation startup Windsurf, including CEO Varun Mohan, disrupting OpenAI's acquisition plans. Windsurf, co-founded by Mohan, is known for its AI-powered integrated development environment that enhances coding efficiency for engineers. Google's involvement includes a non-exclusive license to Windsurf technologies. Varun Mohan's background includes noteworthy stints at companies like Nuro and Databricks, and he holds a BS and MEng in Computer Science from MIT.

Goldman Sachs India to train over 1,000 non-engineers in AI

Economic Times

Economic Times · 1y ago

Goldman Sachs India to train over 1,000 non-engineers in AI

Goldman Sachs has established a training facility in India to educate both engineers and non-engineers in generative artificial intelligence (GenAI). The American investment bank aims to explore the applications of AI in its businesses and plans to train over 1,000 non-engineering business users by 2024. The facility, which started as a support function in 2006, has now become Goldman Sachs' second largest operation globally. The company plans to train more than 4,000 employees in AI and currently has over 1,000 developers using GenAI for coding. The move aligns with the growing trend of upskilling employees in emerging technologies like AI.

Cursor launches a web app to manage AI coding agents | TechCrunch

TechCrunch · 3m ago

Cursor launches a web app to manage AI coding agents | TechCrunch

Cursor, an AI coding platform by Anysphere, launched a web app to manage coding agents via browser. This move aims to expand beyond its initial AI-powered IDE, allowing users to assign and monitor autonomous coding tasks through natural language requests. Cursor's adoption includes major companies like Nvidia and Uber, contributing to a $500 million annual revenue. The introduction emphasizes user convenience, offering seamless transitions between the web app and IDE for more efficient coding problem-solving.

Is AI forcing a cultural reset in consulting?

Inshorts · 6m ago

Is AI forcing a cultural reset in consulting?

GenAI is transforming more than tools, it's rewriting how consulting teams work and grow. Rigid hierarchies and manual workflows are being replaced with agile, AI-augmented teams. Consultants must now master prompts, models, and interpretation, not just PowerPoint. It's a mindset shift from being output-driven to being AI-literate, strategic, and deeply adaptive.

A new AI coding challenge just published its first results – and they aren’t pretty | TechCrunch

TechCrunch · 2m ago

A new AI coding challenge just published its first results – and they aren’t pretty | TechCrunch

The K Prize, an AI coding challenge by Databricks and Perplexity co-founder Andy Konwinski, crowned Eduardo Rocha de Andrade as its first winner with a 7.5% top score. The challenge emphasizes using smaller, open models to level the playing field. Designed as a tougher alternative to SWE-Bench, it uses real-world GitHub issues, post-March 12. Konwinski has pledged $1 million for the first open-source model scoring over 90%.

HDFC bank talking to Paytm; Waiting and watching as events unfold: Executive

OutlookIndia

OutlookIndia · 1y ago

HDFC bank talking to Paytm; Waiting and watching as events unfold: Executive

HDFC Bank is reportedly in talks with Paytm to navigate the restrictions imposed by RBI on the fintech platform. The bank's country head for payments, Parag Rao, stated that they have been conversing with Paytm given their existing partnership, but are adopting a "wait and watch" approach to observe how events unfold. Additionally, Rao mentioned an increase in HDFC Bank's traction in payments and merchant business since the restrictions were imposed on Paytm. Furthermore, HDFC Bank plans to launch an updated mobile app and is considering launching a dedicated credit card for gig economy workers and freelancers.

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