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AI News from ET - Snowflake boosts forecast, signs $6 billion AWS deal as enterprise AI adoption grows

Vishwadeep Khatri
in AI News & Two Lenses

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Snowflake has boosted its annual product revenue forecast. This rise is driven by increased enterprise spending on AI applications. Companies are moving more data tasks to Snowflake's cloud platform. This positive development sent Snowflake's shares soaring. A significant five-year deal with Amazon Web Services further strengthens their partnership, focusing on enterprise AI.

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