Snowflake Talks With Anthropic About AI Partnership

Database provider Snowflake is talking with OpenAI rival Anthropic about letting Snowflake’s customers use Anthropic’s large language models to build artificial intelligence–powered applications, according to a person with direct knowledge of the matter.

The Anthropic agreement, if consummated, could help CEO Sridhar Ramaswamy address investors’ concerns about Snowflake’s ability to compete with rivals like Databricks, Microsoft, and Amazon for generative AI business. Snowflake’s stock has fallen 35% so far this year, to just above its 2020 initial public offering price, as questions have intensified about its AI strategy.