Datadog Bets on Generative AI to Fuel Growth Beyond Cloud Monitoring
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Datadog provides essential cloud monitoring for businesses and recently expanded into AI monitoring. Its new generative AI tools help developers build chatbots.
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In 2022, Datadog grew revenue 27% to $2.1B and delivered its first yearly profit. Growth is driven by large enterprise customers.
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Datadog's AI monitoring tools launched in 2022 but already represent 3% of revenue, signaling strong potential.
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Despite stock gains, Datadog still trades 31% below 2021 highs presenting upside for long-term investors.
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With the generative AI market forecast to be $7T-$200T in a decade, Datadog is well positioned for massive growth if its AI tools succeed.