Snowflake Signs $200 Million AI Deal with Anthropic, Reports 30% Jump in Q3 Revenue
PositiveArtificial Intelligence

- Snowflake has signed a significant multi-year agreement worth $200 million with Anthropic to integrate its Claude AI models into Snowflake's platform, which is expected to enhance the deployment of AI agents across various enterprises. This announcement coincides with a reported 30% increase in Snowflake's Q3 revenue, reaching $1.16 billion year-over-year.
- The partnership with Anthropic is a strategic move for Snowflake, as it aims to bolster its AI capabilities and maintain a competitive edge in the rapidly evolving tech landscape. This deal highlights Snowflake's commitment to leveraging advanced AI technologies to improve its services and offerings.
- This development reflects a broader trend in the tech industry where companies are increasingly investing in AI partnerships to drive innovation and efficiency. The collaboration between Snowflake and Anthropic underscores the growing influence of AI in enterprise solutions, while also raising questions about the sustainability of such rapid growth in the sector, especially in light of recent concerns regarding operational margins and market volatility.
— via World Pulse Now AI Editorial System






