The evolution of the modern data stack centers around the lakehouse, which integrates the flexibility of data lakes with the analytical performance of data warehouses. Apache Iceberg has been instrumental in advancing this architecture by providing transactional guarantees and schema evolution at scale. However, with the rise of AI and machine learning workloads, new data formats like Lance have emerged, optimized for handling multimodal data and AI/ML tasks at a petabyte scale. Lance offers significant advantages for AI/ML workloads due to its high-performance columnar structure, fast random access, and efficient management of multimodal data, making it preferable for these use cases compared to Iceberg, which remains beneficial for traditional business intelligence and analytics workloads. The lakehouse architecture comprises six technological layers, with Lance and Iceberg fitting into different components, reflecting their unique strengths: Iceberg is primarily used for table and catalog specifications with a focus on partitioned data, whereas Lance spans file, table, and catalog layers, providing flexibility and high performance for AI/ML applications. As organizations like Netflix adopt a dual-format strategy, utilizing both Lance and Iceberg, the integration of these formats into a unified platform caters to the distinct needs of analytics and AI workloads, offering interoperability and leveraging existing ecosystem integrations.