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Tech firms have cut close to 150,000 jobs in 2026 while citing AI, even as AI-driven IPOs mint vast new fortunes, sharpening questions about who benefits.
Snowflake is a leading cloud data platform and enterprise ai company shaping cloud data platforms, AI infrastructure, and developer services across AI, software, data, automation, and enterprise technology.
Snowflake shares jumped 35% after the company raised guidance, beat earnings expectations, and announced a $6 billion compute partnership with Amazon.
Snowflake has partnered with OpenAI to embed AI models directly into its cloud platform, enabling enterprises to analyse data and automate workflows using natural language queries.
Snowflake agreed to acquire observability platform Observe to strengthen telemetry monitoring and AI-scale data operations. The deal would mark Snowflake’s largest acquisition to date.