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Snowflake boosts forecast, signs $6 billion AWS deal as enterprise AI adoption grows - The Economic Times
Snowflake has boosted its annual product revenue forecast. This rise is driven by increased enterprise spending on AI applications. Companies are moving more data tasks to Snowflake's cloud platform. This positive development sent Snowflake's shares soaring. A significant five-year deal with Amazon Web Services further strengthens their partnership, focusing on enterprise AI.
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cnbc.com
Snowflake soars 33% on earnings beat and plan to spend $6 billion on Amazon cloud
Snowflake is going deeper with Amazon's Web Services, and plans to use its Arm-based Graviton chips.
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channelnewsasia.com
Snowflake signs $6 billion deal with AWS tied to AI infrastructure
May 27 : Snowflake said on Wednesday it has signed a $6 billion deal with Amazon Web Services, with the investment tied to AWS' Graviton processors and AI chip infrastructure.
