Snowflake

Expanded partnerships with OpenAI ($200 million), Anthropic, and Google Cloud to provide native access to leading AI models within the platform.

More than 9,100 accounts using AI offerings; Snowflake Intelligence deployed by over 2,500 accounts.

General availability of Cortex Code, Cortex Code CLI, Snowflake OpenFlow, and Snowflake Postgres.

Snowflake integrates leading models into Cortex, ensuring day-one availability of OpenAI's new open-source and GPT-5 models.

CEO Sridhar Ramaswamy outlines the future of human-assisted agentic AI solutions.

“I think you're going to see situations in which every complicated task that humans are involved in is going to have agentic solutions that are human-assisted, where the model using tools does some of the work, and then the humans guide the model to be able to be a lot more productive.”— Sridhar Ramaswamy

Introduction of Snowflake Postgres, enabling customers to build and run AI-powered applications on Postgres inside the Snowflake AI data cloud.

OpenFlow supports change data capture from Oracle through a strategic partnership.

CEO Sridhar Ramaswamy discusses the AI-readiness of data within Snowflake for conjunctive and agentic layers.

“Data that is in Snowflake is increasingly AI-ready, both for access by conjunctive layers like, you know, Cortex Analyst or Cortex Search, but also by agentic layers like Snowflake Intelligence, where you can both ask nontrivial questions.”— Sridhar Ramaswamy

Launch of Gen 2 Warehouse, delivering up to 2x faster performance and greater efficiency.

Snowflake Intelligence and Snowpark Connect for Apache Spark are now in public preview; Cortex AI SQL also introduced.

AI influenced nearly 50% of new logos in the fiscal second quarter and powered 25% of all deployed use cases, with over 6,100 accounts using Snowflake's AI weekly.

CEO vision of Snowflake as the premier data and AI company.

“Right now, Snowflake is the most consequential data and AI company on the planet. As I said in our third quarter call, our North Star is to deliver the world's best end-to-end data platform powered by AI”— Sridhar Ramaswamy

Internal deployment of Cortex AI for sales knowledge assistant and Customer 360 app.

“Using our Cortex AI technology, our DTM teams can now quickly discover the most relevant sales content by asking natural language questions of our sales knowledge assistant.”— Sridhar Ramaswamy

New products, including AI features, contributed 3% of FY '25 product revenue.

“New products are becoming an important growth driver. Snowflake contributed 3% of FY '25 product revenue and we are seeing strong adoption of our new data engineering and AI features.”— Mike Scarpelli

Over 4,000 customers using Snowflake AI and ML technology on a weekly basis.

“we now have over 4,000 customers using our AI and ML technology on a weekly basis.”— Sridhar Ramaswamy

Integration of Cortex Agents into Microsoft 365 CoPilot and Microsoft Teams.

“And today, we announced that we are deepening partnership with Microsoft. We are making Cortex Agents available in Microsoft 365 CoPilot and Microsoft Teams”— Sridhar Ramaswamy

Expanded partnership with Microsoft to bring OpenAI's models into Snowflake Cortex.

“we just announced our expanded partnership with Microsoft that brings OpenAI's models into Cortex.”— Sridhar Ramaswamy

Introduction of Cortex Agents, an agent orchestration framework for structured and unstructured data.

“And just a few weeks ago, we introduced Cortex Agents, a world-class agent orchestration framework to enable seamless planning and execution of tasks across structured and unstructured data”— Sridhar Ramaswamy

Snowflake announced that Iceberg, Snowpark Container Services, and Hybrid Tables will be generally available later in the year.

“Iceberg, Snowpark Container Services, and Hybrid Tables will all be generally available later this year.”— Sridhar Ramaswamy

General availability of Snowflake Notebooks.

Sridhar Ramaswamy on the role of AI agents in the enterprise.

“we feel confident that you can think of agents as essentially the 21st century version of CRON jobs that we all used to run.”— Sridhar Ramaswamy

Sridhar Ramaswamy on AI's impact on data consumption and business intelligence.

“Not only is AI going to make structured and unstructured data more interchangeable, it is also going to heavily influence areas like business intelligence.”— Sridhar Ramaswamy

Intended acquisition of Datavolo to deliver an extensible and flexible connectivity platform for unstructured and structured data.

Announced partnership with Anthropic to bring their models to Snowflake Cortex AI.

Launched Snowflake Intelligence, a platform to create data agents.

More than 3,200 accounts are using Snowflake AI and ML features.

Over 1,000 deployed AI and ML use cases in production deployments.

Snowflake Notebooks expected to hit general availability.

Cortex Search and Cortex Analyst are expected to be generally available in Q3.

Twilio Segment's reverse ETL integrates with Snowflake's Cortex AI to enable insights from unstructured data.

CEO Sridhar Ramaswamy outlines the company's AI strategy to make the platform easier to use for data applications.

“We are making Snowflake the best cloud for computation, collaboration and applications on all data, and we are leveraging the part of AI to make all of these easier to create, maintain and use.”— Sridhar Ramaswamy

Snowpark contribution to revenue is approximately 3% or $100 million for FY '25.

More than 400 accounts are using Iceberg as of the end of Q2.

More than 2,500 accounts were using Snowflake AI on a weekly basis as of the end of Q2.

CEO Sridhar Ramaswamy stated that AI will turbocharge Snowflake's capabilities and growth across data, collaboration, and applications.

“What is exciting about AI is that it can turbocharge our capabilities and growth on all three layers.”— Sridhar Ramaswamy

More than 50% of customers are using Snowpark as of Q1 2025.

“More than 50% of customers are using Snowpark as of Q1.”— Sridhar Ramaswamy

Management acknowledged headwinds from GPU-related costs due to AI investment.

“As mentioned on our prior call, we have headwinds associated with GPU-related costs as we invest in new AI initiatives.”— Mike Scarpelli

Over 750 customers are using Cortex AI capabilities.

“As of last week, over 750 customers are using these capabilities.”— Sridhar Ramaswamy

Snowflake announced the acquisition of TruEra, an AI observability platform, to evaluate and monitor LLM apps.

“We announced our intent to acquire certain technology assets and hire key employees from TruEra. TruEra is an AI observability platform that provides capabilities to evaluate and monitor large language model apps and machine learning models and production.”— Mike Scarpelli

Snowflake announced general availability of Cortex, its AI layer.

“Earlier this month, we announced that Cortex, our AI layer, is generally available.”— Sridhar Ramaswamy

Snowflake announced Arctic, its own language model, which outperformed leading open models in benchmarks.

“In the quarter, we also announced Arctic, our own language model.”— Sridhar Ramaswamy