All posts tagged: Snowflake

In more good news for Amazon, Snowflake signs B deal with AWS for AI CPU chips

In more good news for Amazon, Snowflake signs $6B deal with AWS for AI CPU chips

Published by skeptic

Cloud data storage giant Snowflake has signed a new $6 billion five-year agreement with Amazon Web Services, the companies announced on Wednesday. Snowflake has always run on AWS, though obviously, these days, it is also available on Microsoft Azure and Google Cloud. For comparison on just how big this deal is for these companies, Snowflake has sold $7 billion worth of its services via AWS Marketplace total since it was founded in 2012, AWS says. So this new contract is close to all the money it has ever brought in from that cloud. It can do that because Snowflake’s customers are accelerating their spending on AWS as of late, Snowflake says, doubling in 2025 to $2 billion for that calendar year alone. What’s driving the growth is, naturally, AI. Snowflake has been offering its AI building tool, Cortex AI, for a couple of years now. It’s a tool that makes sense: Snowflake is where much of an enterprise’s data lives. The AI tool can provide features like a text interface for database queries (just ask, …

What Snowflake’s deal with OpenAI tells us about the enterprise AI race

What Snowflake’s deal with OpenAI tells us about the enterprise AI race

Published by skeptic

Cloud data company Snowflake has entered into a $200 million multi-year AI deal with OpenAI on Monday, the latest signal that enterprise AI competition continues to heat up. Under the deal, Snowflake’s 12,600 customers will have access to OpenAI models across all three major cloud providers. Snowflake employees access to OpenAI’s ChatGPT Enterprise as well. The two companies are also partnering to build new AI agents and other AI products. “By bringing OpenAI models to enterprise data, Snowflake enables organizations to build and deploy AI on top of their most valuable asset using the secure, governed platform they already trust,” Snowflake CEO Sridhar Ramaswamy said in a press release. “Customers can now harness all their enterprise knowledge in Snowflake together with the world-class intelligence of OpenAI models, enabling them to build AI agents that are powerful, responsible, and trustworthy. Together, we’re setting a new standard for AI innovation, helping businesses transform with confidence, while maintaining strong security and compliance standards.” OpenAI declined to share information on the deal beyond the press release. If this deal …

Snowflake, Databricks challenger ClickHouse hits B valuation

Snowflake, Databricks challenger ClickHouse hits $15B valuation

Published by skeptic

Database provider ClickHouse secured $400 million at a $15 billion valuation, Bloomberg reported, representing about a 2.5x increase from its $6.35 billion valuation last May. The round was led by Dragoneer Investment Group, the startup said, with participation from investors including Bessemer Venture Partners, GIC, Index Ventures, Khosla Ventures, and Lightspeed Venture Partners. ClickHouse, which spun out from Russian search giant Yandex in 2021, develops database software designed to process the massive datasets required by AI agents. The company competes with Snowflake and Databricks. The company also announced the acquisition of Langfuse, a startup that helps developers track and evaluate the performance of their AI agents. Langfuse competes directly with LangSmith, LangChain’s observability platform. ClickHouse database is open sourced, and it makes money by selling managed cloud services, which saw annual recurring revenue (ARR) grow by more than 250% year-over-year, it said. The company’s customers include Meta, Tesla, Capital One, Lovable, Decagon, and Polymarket. Source link