Snowflake Partners with OpenAI to Enhance AI Capabilities Amidst Share Price Slump

Snowflake and OpenAI have agreed on a $200 million multi-year partnership to bring OpenAI models directly into Snowflake's Cortex AI platform. The deal aims to let enterprises run context-aware AI agents on their own data inside Snowflake's environment. The partnership arrives after a stretch of weak recent returns for Snowflake's stock, which is down 12.6% over the past week and 22.3% year to date. The deal could deepen Snowflake's role inside large enterprises and support broader usage of its AI platform.