Snowflake Reinvents Itself as Full AI Services Platform

Snowflake used its annual Summit conference in San Francisco to announce a sweeping expansion of AI services, rebranding its flagship products Cortex Code and Snowflake Intelligence as CoCo and CoWork. The moves follow a strong quarterly earnings report showing 33% revenue growth, as CEO Sridhar Ramaswamy positioned the company's data-plus-AI combination as its core competitive advantage. The announcements signal a strategic shift from data analytics warehouse to fully managed AI services provider. New features include expanded Apache Iceberg interoperability, an AI governance layer called Cortex Sense, and deepened partnerships with Anthropic and OpenAI, including a $200 million multiyear deal with the latter.