May 27 : Cloud-based data analytics platform Snowflake raised its annual product revenue forecast on Wednesday, signaling growing demand for AI-driven workloads and cloud migrations.The company's growth was fueled by surging enterprise demand for its core data warehousing products and growing uptake of its AI

Snowflake is going deeper with Amazon's Web Services, and plans to use its Arm-based Graviton chips.

May 27 : Snowflake raised annual product revenue forecast on Wednesday, as enterprises ramped up spending on AI applications and shifted more data workloads to its cloud platform,…