Latest news with #Retool
Business Wire
10-06-2025
- Business
- Business Wire
Retool Awarded 2025 Databricks Emerging Partner of the Year
SAN FRANCISCO--(BUSINESS WIRE)--Retool, the leading application layer for AI, is honored to announce its recognition as the 2025 Databricks Emerging Partner of the Year. Presented at the annual Data + AI Summit, the award celebrates Retool's deep integration with the Databricks Data Intelligence Platform, which has helped shared customers accelerate development, securely scale internal applications, and realize tangible business outcomes from AI investments. 'Databricks has redefined the modern data stack, and Retool is proud to be the app layer that helps enterprises turn that data into action,' said David Hsu, co-founder and CEO of Retool. 'This award is a testament to our shared vision where, with our help, developers drive the future of work, powered by AI.' "These awards are always one of my favorite moments of the year, and we are thrilled to name Retool the 2025 Databricks Emerging Partner of the Year," said Roger Murff, VP of Technology Partners at Databricks. "As more enterprises seek to build domain-specific AI applications, Retool's partnership with Databricks is essential to helping these organizations leverage the right data to build AI agents that drive real business outcomes." This award reflects growing recognition of how organizations are transforming operations through AI-powered automation. Our Databricks integration addresses this need by giving teams a direct path from raw data to business outcomes—whether that's operational dashboards for real-time insights or autonomous agents handling complex workflows. The platform handles the technical complexity of security and scale, so developers can focus on solving business problems rather than infrastructure challenges. About Retool Retool is the application layer for AI and leading platform for internal software development, trusted by over 10,000 companies worldwide, including Amazon, Stripe, Brex, and Orangetheory Fitness. Using Retool, developers deploy sophisticated apps and agents dramatically faster without sacrificing quality or control, combining powerful building blocks with the flexibility of custom code. The company's model-agnostic approach lets teams select the optimal AI capabilities for each use case while maintaining enterprise-grade security and scalability. To learn more, visit
Yahoo
29-05-2025
- Business
- Yahoo
The CEO of a top AI startup gave a stark warning about the tech's impact on the labor market
This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. Good morning! A federal court ruled President Donald Trump doesn't have the authority to impose some of his tariffs. The three-judge panel's unanimous ruling declared the tariffs would be vacated, throwing a massive wrench into what has been a key piece of Trump's second term. The federal government has filed a notice of appeal on the court's decision. We're also looking at Anthropic's CEO stark warning about the tech's impact on the labor market. What's on deck Markets: The internet has a new favorite meme trade. Tech: Nvidia shows no signs of slowing down amid tariff uncertainty. Business: Elon Musk says his time as a government employee is coming to an end and thanks Trump. But first, AI in the office.A top AI executive is ringing the alarm bell on … AI. Anthropic CEO Dario Amodei predicted AI could eliminate half of all entry-level white-collar jobs and push unemployment to as high as 20% within the next five years. The above might seem like a coy way of touting a product's power in an ultra-competitive space, but Amodei told Axios he has "a duty and an obligation to be honest about what is coming." Some companies are ready to push the limits of an AI-led workforce. Take Retool, a platform for building AI applications. Its CEO, David Hsu, told BI's Lakshmi Varanasi its clients are asking "How do we get LLMs to actually replace labor?" It wasn't always supposed to be like this. Remember when AI was going to supercharge employees? The tech was going to make us as efficient as possible! Humans and AI — the best collab since peanut butter and jelly. So what happened? AI costs a lot of money to develop, and that's a problem with so much economic uncertainty. Sprinkle in an industry push to increase efficiency and reduce bureaucracy, and robots suddenly look much better than humans. The great AI automation comes with risks, though. (And I'm not talking about entrusting your business to a black box you don't really understand.) As BI's Katie Notopoulos recently detailed, the excitement a CEO (and their investors) has over AI adoption isn't always matched by their customer base. Just ask Duolingo. It's not bad news when it comes to AI. I hate to leave you on such a downer, especially right before a summer Friday. Here are some ways people are making AI work for them. Mark Quinn saw the work he was doing at a startup quickly become irrelevant thanks to the launch of GPT-4. It was a bitter pill to swallow, but Quinn found a silver lining: use AI to help find his next gig. Here's how he did it. AI was supposed to kill ad agencies. (At least, that's what OpenAI's CEO Sam Altman once predicted.) But three creative directors told BI's Lara O'Reilly how AI has helped them win more business. Finally, something for the young developers out there. Plenty of tech executives have said junior coders are an endangered species thanks to AI's programming capabilities. But AWS executive Rory Richardson sees AI giving a big boost to people early in their careers, allowing them to catch up to veteran employees. She's not alone in viewing AI as the great equalizer in the workplace. 1. GameStop made its first-ever crypto investment. Making good on its promise to buy bitcoin, the gaming retailer announced that it purchased 4,710 tokens, which are worth about $510 million. It's the latest company to add bitcoin to its balance sheet. 2. For Wall Street, TACO Tuesday is now every day. Investors are living by a new rule to play the market: TACO, or "Trump Always Chickens Out," the idea that markets can bet on Trump walking back tariff proposals. 3. Wealthy clients wanted. JPMorgan is opening 14 new financial centers across four states, offering highly specialized services to people with at least $750,000 in deposits and investments. It's part of the bank's greater mission to woo the millionaire class. 1. Meta wants to get physical. The tech giant is working on a project to open physical stores and hire retail workers, per an internal communication seen by BI. The plan could boost its hardware products' sales, although it's unclear how many stores Meta might open and when. 2. Apple's playing catch-up in the AI race. Apple has very few of the AI building blocks its competitors enjoy, some of which have been in the making for 25 years. It may need to partner with rivals or make acquisitions to catch up, BI's Alistair Barr writes. 3. Nvidia beat Wall Street's Q1 forecast. The chip giant reported revenue of $44.06 billion, compared to estimates of $43.32 billion, with the stock up 3% in after-hours trading. However, Nvidia's China sales were hit hard by US export restrictions, and it expects to take $8 billion in losses of H20 chips revenue in Q2. 1. Millennial divorce is here, and it's expensive. Divorce isn't as common among millennials as it was among boomers, but it's much more financially disruptive. It can potentially decimate savings and lock divorcees out of the housing market. Often, women pay the steepest price. 2. Elon Musk's exit from the government. The Tesla and SpaceX CEO announced on Wednesday his time as a US government employee is coming to an end, and thanked President Trump for the opportunity to "reduce wasteful spending" at DOGE. His announcement came a day after he criticized Trump's "big beautiful bill," saying it undermined DOGE's work. 3. Trump's Big Law losing streak. Federal judges have blocked the Trump administration's executive orders targeting WilmerHale, Jenner & Block, and Perkins Coie, and they're citing Trump's deal with Paul Weiss as an example. Here are five of the sharpest takedowns from judges so far. A Carta exec's resignation letter accused the CEO of sexism. She says she didn't write it. Wired's editor told BI's Peter Kafka how she got 62,000 new subscribers in two weeks. Marc Benioff-backed influencer agency Whalar Group is buying a creator startup for $20 million as M&A ramps up. 'Lilo & Stitch' is a smash hit. Here are the movies Disney could remake next. A global talent leader at EY shares the three soft skills she looks for in job applicants. A Salesforce exec tells BI there's an even more important skill for employees than coding. McKinsey's staff numbers have dropped by more than 10% in the last 18 months. My name is Chad. Yes, I'm white, work an office job, and sometimes I wear a vest. Bureau of Economic Analysis publishes revised GDP growth figures for Q1 2025. "Manhattanhenge" — when the sunset aligns perfectly with Manhattan's street grid — returns. Costco, Gap, and Best Buy report earnings. The Business Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Hallam Bullock, senior editor, in London. Grace Lett, editor, in Chicago. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Ella Hopkins, associate editor, in London. Elizabeth Casolo, fellow, in Chicago. Read the original article on Business Insider
Business Insider
29-05-2025
- Business
- Business Insider
The CEO of a top AI startup gave a stark warning about the tech's impact on the labor market
Good morning! A federal court ruled President Donald Trump doesn't have the authority to impose some of his tariffs. The three-judge panel's unanimous ruling declared the tariffs would be vacated, throwing a massive wrench into what has been a key piece of Trump's second term. The federal government has filed a notice of appeal on the court's decision. We're also looking at Anthropic's CEO stark warning about the tech's impact on the labor market. What's on deck Markets: The internet has a new favorite meme trade. Business: Elon Musk says his time as a government employee is coming to an end and thanks Trump. But first, AI in the office. If this was forwarded to you, sign up here. The big story AI's new job Getty Images; Chelsea Jia Feng/BI A top AI executive is ringing the alarm bell on … AI. Anthropic CEO Dario Amodei predicted AI could eliminate half of all entry-level white-collar jobs and push unemployment to as high as 20% within the next five years. The above might seem like a coy way of touting a product's power in an ultra-competitive space, but Amodei told Axios he has "a duty and an obligation to be honest about what is coming." Some companies are ready to push the limits of an AI-led workforce. Take Retool, a platform for building AI applications. Its CEO, David Hsu, told BI's Lakshmi Varanasi its clients are asking " How do we get LLMs to actually replace labor?" It wasn't always supposed to be like this. Remember when AI was going to supercharge employees? The tech was going to make us as efficient as possible! Humans and AI — the best collab since peanut butter and jelly. So what happened? AI costs a lot of money to develop, and that's a problem with so much economic uncertainty. Sprinkle in an industry push to increase efficiency and reduce bureaucracy, and robots suddenly look much better than humans. The great AI automation comes with risks, though. (And I'm not talking about entrusting your business to a black box you don't really understand.) As BI's Katie Notopoulos recently detailed, the excitement a CEO (and their investors) has over AI adoption isn't always matched by their customer base. Just ask Duolingo. I hate to leave you on such a downer, especially right before a summer Friday. Here are some ways people are making AI work for them. Mark Quinn saw the work he was doing at a startup quickly become irrelevant thanks to the launch of GPT-4. It was a bitter pill to swallow, but Quinn found a silver lining: use AI to help find his next gig. Here's how he did it. AI was supposed to kill ad agencies. (At least, that's what OpenAI's CEO Sam Altman once predicted.) But three creative directors told BI's Lara O'Reilly how AI has helped them win more business. Finally, something for the young developers out there. Plenty of tech executives have said junior coders are an endangered species thanks to AI's programming capabilities. But AWS executive Rory Richardson sees AI giving a big boost to people early in their careers, allowing them to catch up to veteran employees. She's not alone in viewing AI as the great equalizer in the workplace. 3 things in markets 1. GameStop made its first-ever crypto investment. Making good on its promise to buy bitcoin, the gaming retailer announced that it purchased 4,710 tokens, which are worth about $510 million. It's the latest company to add bitcoin to its balance sheet. 2. For Wall Street, TACO Tuesday is now every day. Investors are living by a new rule to play the market: TACO, or " Trump Always Chickens Out," the idea that markets can bet on Trump walking back tariff proposals. 3. Wealthy clients wanted. JPMorgan is opening 14 new financial centers across four states, offering highly specialized services to people with at least $750,000 in deposits and investments. It's part of the bank's greater mission to woo the millionaire class. 3 things in tech 1. Meta wants to get physical. The tech giant is working on a project to open physical stores and hire retail workers, per an internal communication seen by BI. The plan could boost its hardware products' sales, although it's unclear how many stores Meta might open and when. 2. Apple's playing catch-up in the AI race. Apple has very few of the AI building blocks its competitors enjoy, some of which have been in the making for 25 years. It may need to partner with rivals or make acquisitions to catch up, BI's Alistair Barr writes. 3. Nvidia beat Wall Street's Q1 forecast. The chip giant reported revenue of $44.06 billion, compared to estimates of $43.32 billion, with the stock up 3% in after-hours trading. However, Nvidia's China sales were hit hard by US export restrictions, and it expects to take $8 billion in losses of H20 chips revenue in Q2. 3 things in business 1. Millennial divorce is here, and it's expensive. Divorce isn't as common among millennials as it was among boomers, but it's much more financially disruptive. It can potentially decimate savings and lock divorcees out of the housing market. Often, women pay the steepest price. 2. Elon Musk's exit from the government. The Tesla and SpaceX CEO announced on Wednesday his time as a US government employee is coming to an end, and thanked President Trump for the opportunity to "reduce wasteful spending" at DOGE. His announcement came a day after he criticized Trump's "big beautiful bill," saying it undermined DOGE's work. 3. Trump's Big Law losing streak. Federal judges have blocked the Trump administration's executive orders targeting WilmerHale, Jenner & Block, and Perkins Coie, and they're citing Trump's deal with Paul Weiss as an example. Here are five of the sharpest takedowns from judges so far. In other news A Carta exec's resignation letter accused the CEO of sexism. She says she didn't write it. Wired's editor told BI's Peter Kafka how she got 62,000 new subscribers in two weeks. Marc Benioff-backed influencer agency Whalar Group is buying a creator startup for $20 million as M&A ramps up. 'Lilo & Stitch' is a smash hit. Here are the movies Disney could remake next. A global talent leader at EY shares the three soft skills she looks for in job applicants. A Salesforce exec tells BI there's an even more important skill for employees than coding. McKinsey's staff numbers have dropped by more than 10% in the last 18 months. My name is Chad. Yes, I'm white, work an office job, and sometimes I wear a vest. Getty Images; Jenny Chang-Rodriguez/BI John Minchillo/AP What's happening today The Business Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Hallam Bullock, senior editor, in London. Grace Lett, editor, in Chicago. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Ella Hopkins, associate editor, in London. Elizabeth Casolo, fellow, in Chicago.
Yahoo
28-05-2025
- Business
- Yahoo
CEO of Retool, an AI company that works with BCG, says AI is here to replace labor
Retool is launching a platform for AI to automate tasks. The system, Agents, allows users to build agents on top of every large language model on the market. Retool's CEO says the launch comes as leaders ask: "How do we get LLMs to actually replace labor?" While public debates swirl around AI ethics and safety, Retool CEO David Hsu said the real conversation his clients are having is simpler: "How do we get LLMs to actually replace labor?" Retool, a platform for building AI applications that works with consulting firms like Boston Consulting Group and companies like Amazon Web Services and Databricks, has an answer. On Wednesday, Retool launched Agents, its version of AI agents. Retool's system is meant to help users build, test, and manage agents. "People are kind of scared to talk about it publicly, and actually, many of our customers even are kind of scared to talk about it publicly," Hsu told Business Insider of replacing labor. But as companies debate ways to automate jobs with large language models, they're also dabbling in the next generation. On a podcast last year, Salesforce CEO Marc Benioff said that "we're hitting the upper limits of the LLMs right now" and that the future lies in autonomous agents. Nvidia CEO Jensen Huang has said he believes we'll all be working alongside agents and "AI employees" one day. These virtual assistants don't just respond to queries or make predictions from patterns but also complete tasks autonomously by breaking down problems, outlining plans, and troubleshooting when they encounter a tough problem. 2025 has been billed as the year of agents, as companies such as OpenAI, Salesforce, and Glean have launched platforms to help people build and manage agents. Retool's Agents not only allows users to build agents on top of every large language model on the market but also tackles two areas Hsu sees as key to making agents more effective. One is building "hyperspecific" agents, Hsu said. These are more accurate than agents set up to do broad tasks like browsing the web. The second is an agent management system Hsu described as a kind of "god view" which allows users to observe what agents are doing at any given point, including past behavior. "You can micromanage agents, and they don't care if they have to be micromanaged," Hsu said. Hsu said customers were already using agents for external work like customer service. He gave an example of a company that built an agent to handle customer refunds using three tools: one to look up customers by name, another to find their latest invoice in the payments platform Stripe, and a third to issue the refund. Companies are also redesigning internal work with agents, using them as stand-ins for middle management. Some clients are using agents to analyze meetings and go back to employees and say, "Hey, actually, you didn't do well in this meeting," Hsu said. One company, he said, is even considering doing away with sales managers because the "agent manager" is giving more objective feedback. Retool's agents use a pay-by-the-hour model, starting at $3 an hour. Customers pay for agents only when they're actively working, and rates are based on the LLM they're using. That means that rather than pay for an employee, companies can outsource work to a bot for an hourly wage. The strategy reflects concerns that companies have raised about returns on artificial intelligence investment. BCG's AI Radar survey of over 1,800 C-level executives found that while 75% ranked generative AI in their top three strategic priorities, only 25% said they saw value in it. Read the original article on Business Insider Sign in to access your portfolio
Business Insider
28-05-2025
- Business
- Business Insider
CEO of Retool, an AI company that works with BCG, says AI is here to replace labor
While public debates swirl around AI ethics and safety, Retool CEO David Hsu said the real conversation his clients are having is simpler: "How do we get LLMs to actually replace labor?" Retool, a platform for building AI applications that works with consulting firms like Boston Consulting Group and companies like AWS and Databricks, has an answer. On Wednesday, Retool launched Agents, its version of AI agents. Retool's system will help users build, test, and manage AI agents. "People are kind of scared to talk about it publicly, and actually, many of our customers even are kind of scared to talk about it publicly," Hsu told Business Insider of replacing labor. But as companies debate ways to automate jobs with large language models, they're also dabbling in the next generation. On a podcast last year, Salesforce CEO Marc Benioff said, "We're hitting the upper limits of the LLMs right now," and that the future lies in autonomous agents. Nvidia CEO Jensen Huang has said he believes we'll all be working alongside agents and " AI employees" one day. These virtual assistants don't just respond to queries or make predictions from patterns; they complete tasks autonomously by breaking down problems, outlining plans, and troubleshooting when they encounter a tough problem. The year 2025 has been billed as the year of agents, as companies from OpenAI to Salesforce to Glean have launched platforms to help people build and manage agents. Retool's Agents will not only allow users to build agents on top of every large language model on the market, but also tackle two areas Hsu sees as key to making agents more effective. One is to build "hyper-specific" agents, Hsu said. These are more accurate than agents set up to do broad tasks like browsing the web. The second is an agent management system called "God View" that allows users to observe what agents are doing at any given point, including recording past behavior. "You can micromanage agents, and they don't care if they have to be micromanaged," Hsu said. Hsu said customers are already using agents for external work like customer service. He gave an example of a company that built an agent to handle customer refunds using three tools: one to look up customers by name, another to find their latest invoice in the payments platform Stripe, and a third to issue the refund. Companies are also redesigning internal work with agents, using them as stand-ins for middle management. Some clients are using agents to analyze meetings and go back to employees and say, "Hey, actually, you didn't do well in this meeting," Hsu said. One company, he said, is even considering doing away with sales managers because the "agent manager" is giving more objective feedback. Retool's agents are priced according to a pay-by-the-hour model, starting at $3 per hour. Customers only pay for agents when they're actively working, and according to the LLM they're using. That means that rather than pay for an employee, companies can outsource work to a bot for an hourly wage. The strategy reflects concerns that companies have raised about returns on AI investment. BCG's AI Radar report of over 1,800 C-level executives revealed that while 75% rank generative AI in their top three strategic priorities, only 25% said they see value in it.
