The Future of SaaS in the Age of AI
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What is the main topic discussed in this episode?
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The Databricks CEO has just said that SaaS isn't dead, but AI will soon make it irrelevant.
How is AI enhancing business efficiency in SaaS?
Today, we're going to talk all about how software as a service is being completely changed with AI and how it may actually grow the whole business itself, software as a service. But we're going to get all into that. Before we do, Jayden, why don't you tell them about our school community?
Yeah, so something that I'm super excited about is that Jamie and I have just launched a AI vibe coding unit on the school community.
What challenges do legacy software systems face from AI?
If you haven't been a member in the past, this is like absolutely incredible. Jamie and I are both vibe coding every single day. I have multiple complete products that I've built with it. And I'll also have a bunch of old businesses that I'm completely redesigning or revamping with level. Basically, I'm not a developer in any way, shape or form. but I've built full on software products and I've redesigned full entire websites and software stacks using the level and I just chat with it like chat GPT. So we have tips and tricks on how we've done a bunch of clever things. If you're not a developer, how to do that. If you want to go check it out along with dozens of other topics on how to grow and scale your business with AI tools, go check out the AI hustle school community.
It's only $19 a month guys. And this is something that I think I, I would easily, if I was just selling a course, be able to sell for like 10 grand. So go check it out. We'd love to have you as a member of the community. And yeah, let's get into what Databricks is talking about. So I love this kind of quote about AI soon becoming irrelevant. And I actually have perhaps a contrarian take on all of this.
How is Databricks leveraging AI for growth?
Before we get into that, I want to just like shout out a couple of the numbers going on with Databricks because this is a company that has really been leveraging everything in AI. They just announced that they have hit $5.4 billion in revenue run rate. They're growing 65% year over year. More than $1.4 billion of that is from their AI products. So like Databricks is not something that I think a lot of consumers have heard of because they're just, you know, they don't like there's no chad ship E.T. Databricks competitor that everyone's used to using. But this is basically one of the backbones that is powering all of the AI embedded into a lot of the companies that you see and use today. So Databricks is really crushing it.
And I'm blown away by the revenue right now. But what I think everybody is talking about right now is what their CEO, Ali Ghosi, was talking about when he was kind of sharing a lot of these numbers. And he said that he wanted to share those because there's a lot of people talking about how AI is going to kill SaaS in business. He said, quote, everybody's like, oh, it's SaaS. What's going to happen to all of these companies? What's AI going to do with all of these companies? For us, it's just increasing the usage. And I think this is a really good point. I think a lot of people say like, oh, so there's actually a funny tweet that I'll share by a VC. She said, I love how everyone is saying SaaS is dead like you're going to get a Fortune 500 to ditch Salesforce for CRM by coded by a 13-year-old.
No. And I think like, it's actually really true, right? Like, I remember when I first tried level and I was like, Oh, my gosh, like, I went and cloned Spotify for creators and built an entire podcast distribution company. And I was like, Okay, like software is dead, like, like, those companies are toast.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–0:35
2
How is AI enhancing business efficiency in SaaS?
0:35–0:59
3
What challenges do legacy software systems face from AI?
0:59–2:01
4
How is Databricks leveraging AI for growth?
2:01–8:40
5
What does the CEO of Databricks say about the future of SaaS?
8:40–14:09