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SingleStore founder on building a scalable SQL data platform
- SingleStore’s CEO, Raj Verma, believes that data is the engine of the generative artificial intelligence (gen AI) car, and it can only be levied to its full potential with the right context and accessibility. The company is the only platform that empowers users to transact, analyse and research data in real-time, supporting both transactional and analytical workload and distributed MySQL-compatible architecture.
- According to Verma, building a database of high calibre takes about $300 million and 10 years. He believes SingleStore's product speaks for itself, as the buyer knows about databases, sometimes more than their own engineers. The three tenets that SingleStore adheres to are speed, scale, and a multi-model approach.
- Startups in India have a high chance of succeeding due to the country's emotionally ethical ethos, IQ, EQ and social quotient. The idea of writing a book came from the fact that people can’t celebrate something that they don’t understand; AI will be an immense part of everyday life in the next 3-5 years.
- Gen AI will be an immersive component of our lives. In the next few years, the easy would get automated, the hard will become easy, the impossible will become possible. Currently, we’re witnessing chatbots and squirrel bots that are making the automation of easy parts interesting.
- The database market is fragmented; therefore, few companies are at the top of the database market, if we use ARR as the measure of success. The three tenets that are unlikely to change are speed, scale, and a multi-model approach.
- SingleStore has always been committed to backing up important tech innovation hubs across the globe, including the US, India, and Israel, especially from a startup’s perspective.
- 'India has all the ingredients to be the fifth largest market for us in the next three to five years; 25% of our employee base is in India,' said Verma, highlighting his faith in India's technological innovation and skill set.
- Verma underscored the importance of gen AI, and also shared his life experiences to explain the developing technology's importance and demystify AI.
- The emergence of chatbots and squirrel bots is really building out the easy parts, and while that is interesting, it is the shift to when the hard becomes easy and the impossible becomes possible that will be transformative.
- Eventually, AI models will get trained to think close to the human brain on large sample size predictions, aiding the shift towards civilisation as we know it.
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