Snowflake

Snowflake is a cloud-based data warehousing company that provides a highly scalable and secure platform for managing and analyzing data. Founded in 2012, the company has quickly become a leader in the data analytics market, serving a range of industries from finance to healthcare. Key executives include CEO Frank Slootman and President of Products Benoit Dageville. The company's main competitors include Amazon Web Services, Microsoft Azure, and Google Cloud Platform.

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Elon Musk. Getty Images.

Where Musk and Altman See Eye to Eye

By Martin Peers · Jun 4, 2026 5:01pm PDT

Elon Musk and Sam Altman don’t often see eye to eye, as they made clear in their recent legal dispute. But when it comes to making outlandish projections about future growth, the two men seem to share a common philosophy.As we reported earlier on Thursday, SpaceX’s lead bank on its upcoming IPO, Goldman Sachs, has told investors it expects... Elon Musk and Sam Altman don’t often see eye to eye, as they made clear in their recent legal...

Vanja Josifovski, CEO of Kumo.AI. Art by Clark Miller, YouTube.

Nvidia Buys Enterprise Model-Maker Kumo AI for at Least $400 Million

By Valida Pau and Phoebe Liu · Jun 3, 2026 2:47pm PDT

Nvidia has bought Kumo AI, a five-year-old startup that sells predictive AI software to enterprises, for more than $400 million, said a person with knowledge of the deal. The acquisition, first revealed by an Nvidia executive in a LinkedIn post on Tuesday, should expand Nvidia’s roster of AI models that can be optimized for Nvidia hardware and... Nvidia has bought Kumo AI, a five-year-old startup that sells predictive AI software to...

Art by Clark Miller.

5 Ways Companies Keep AI Bills in Check

By Aaron Holmes and Laura Bratton · Jun 2, 2026 10:31am PDT

Snowflake CEO Sridhar Ramaswamy on Monday became the latest executive to voice concerns over rising AI costs.“Are we worried about how much we are spending on AI inference across our internal teams? Absolutely,” he told my colleague Laura during Snowflake’s annual conference in San Francisco. (Snowflake is a major customer of Anthropic, OpenAI... Snowflake CEO Sridhar Ramaswamy on Monday became the latest executive to voice concerns over...

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Mike Blandina, Chief Information Officer at Snowflake. Screenshot via YouTube and Money20/20 TV.

Snowflake CIO Says He Used Layoffs to Convince Staff to Use AI

By Laura Bratton and Aaron Holmes · Jun 4, 2026 10:30am PDT

Tech firms ranging from Block to Meta Platforms have announced mass layoffs in the past year, frequently citing AI as allowing them to do more with less people. In a variation on that approach Snowflake says it used layoffs to force software engineers to use AI tools and become more productive.“At the time, my team hated me, but I thought it was... Tech firms ranging from Block to Meta Platforms have announced mass layoffs in the past year,...

Snowflake CEO Sridhar Ramaswamy

Snowflake Shows Some Immunity to the SaaSpocalypse

By Kevin McLaughlin and Laura Bratton · May 27, 2026 5:36pm PDT

Shares of traditional software providers have been battered this year over AI fears. Investors’ reaction to Snowflake’s and Salesforce’s quarterly results Wednesday suggests some providers are in better shape than others.Snowflake shares jumped more than 35% to their highest point since December after the database provider said its most-watched... Shares of traditional software providers have been battered this year over AI fears. Investors’...