The deal positions Snowflake to compete with Databricks in AI while giving OpenAI enterprise distribution beyond Microsoft’s ecosystem.

The company disclosed today that its AI products’ annualized recurring revenue has increased from $1 billion in early December to $1.4 billion. Databricks’ overall run rate stands at $5.4 billion, a ...

Databricks claims AI agents have quietly taken over enterprise database creation, pushing its Lakebase product to the center ...

Databricks announced the Databricks Lakebase is now generally available on AWS-introducing a new class of operational ...

Snowflake and OpenAI have struck a multi-year, $200 million partnership to embed OpenAI’s models directly into Snowflake’s data platform, as vendors push to turn large language models into practical ...