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Databricks to Acquire Database Startup Neon for $1 Billion

  • Databricks is set to acquire Neon, a serverless Postgres provider, for $1 billion.
  • Neon's platform supports AI agents, with over 80% of databases provisioned automatically by AI agents.
  • The acquisition aims to integrate Neon's serverless PostgreSQL technology with Databricks' Data Intelligence Platform for AI applications.
  • This move is expected to transform the database market and comes after Databricks' previous acquisitions of Fennel and Tabular.

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