TNB Tech Minute: SpaceX Overtakes Amazon in Market Value

Speaker 10:00

Many companies are struggling to scale their AI deployments or even move them past the pilot stage. Often the problem isn't technology, but organizational misalignment around goals, processes, and incentives. At the break, join Caroline Roach, a senior partner at IBM Consulting, to learn why.

Julie Chang· Host0:14

[upbeat music] Here's your afternoon TNB Tech Minute for Tuesday, June 16th. I'm Julie Chang for The Wall Street Journal. SpaceX shares pared gains after the rocket company overtook Amazon to become the world's fifth most valuable public company. The Elon Musk-led company's stock rose as much as 17% in early trading before falling back. SpaceX ended the day nearly 5% higher, with its market capitalization narrowly leapfrogging the e-commerce giant. We exclusively report that Databricks is releasing AI agents for businesses. The company says its new Genie 1 is an agentic coworker that will help professionals get answers and make decisions using corporate data. Databricks, valued at $134 billion, provides the underlying layer for storing and organizing data in the cloud. It's been pushing further into enterprise AI as it aims to carve out a place in the AI era. The company reported a revenue run rate of over $1.7 billion from its AI products, up from over $1 billion last September. Albertsons and Rivian are already using Databricks' new AI agents