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Well, Dave, if you'd look at the market cap of IBM, it's 199 billion. Databricks... valuation is $188 billion. You brought up Databricks. But let's put that in context.
The size of IBM, the portfolio, the scope, number of employees. Now, Databricks is private, so it's not a publicly traded company. So there's not a lot of market activity other than private rounds.
They're on Series M financing, which is the letter in the alphabet. I've never seen that before. I know. There's an appetite for private market activity.
companies on the funding side. So we're seeing that. And that's double, by the way, sorry to interrupt, that's double Snowflake's valuation.
So just put that in perspective and let that hang for a second. Databricks' valuation is $10 billion minus IBM. IBM, 110 plus year company, great R&D, huge portfolio, Databricks, the tiny upstart, monster startup, tuning into the AI wave is $188 billion.
IBM's $199. Okay, that to me is significant.
