Snowflake signs $6 billion five-year AI chip deal with Amazon Web Services
By
Julie Bort
Toasted golden, schmeared with insight. Top of the rack.
Summary
Snowflake has signed a $6 billion, five-year agreement with Amazon Web Services (AWS) to secure AI CPU chips. The deal is nearly as large as the total $7 billion Snowflake has generated through AWS Marketplace since its founding in 2012. Snowflake, which originally ran exclusively on AWS, now also operates on Microsoft Azure and Google Cloud. The agreement underscores the growing demand for AI infrastructure and puts pressure on competitors like Nvidia.
Key quotes
· 3 pulledSnowflake has signed a new $6 billion five-year agreement with Amazon Web Services
Snowflake has sold $7 billion worth of its services via AWS Marketplace total since it was founded in 2012
This new contract is close to all the money it has ever brought in from that cloud
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