Snowflake Inc., OpenAI, and Cortex are driving revenue growth through new partnerships, benefiting from potential Trump-era tariffs and onshoring trends.
1 report, 1 independent
Updated Aug 21
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What happened
Snowflake Inc., OpenAI, and Cortex are driving revenue growth through new partnerships, benefiting from potential Trump-era tariffs and onshoring trends.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Snowflake Inc.
cloud-based data-warehousing startup
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OpenAI
American artificial intelligence research organization
- Leaders call for international cooperation on AI risks, tech leaders call for oversight, and the CMA proposes stricter search engine choice requirements.
- Experts, including Dario Amodei at Cornell University, warned about the power and limits of AI, specifically citing risks of AI taking control of the internet.
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Cortex
French company specializing in scientific valorization
Nothing else this week.
Related events
- Major tech companies, including Meta, Microsoft, Amazon, OpenAI, and Oracle, are involved in an AI arms race that is influenced by Trump-era tariffs, with potential acquisitions mentioned regarding Siri.
- Donald Trump invested in Southern Company stock in July, which holds a 25-year deal with OpenAI, all while facing FED rate hike impacts.
- UBS raised Meta's price target while Meta discussed future partnerships and hired OpenAI researchers for superintelligence efforts.
- Vaccine trial successes boosted Moderna and Merck, while investors awaited Fed minutes amid geopolitical uncertainty in the Middle East and disappointing OpenAI results.
- The Trump administration defended OpenAI's practices while the company faced a lawsuit from the NYT over copyrighted material use.
Coverage
Newest first; wire copies grouped- Insider MonkeySnowflake (SNOW): Wells Fargo Lifts Price Target to $250 on Attractive Near Term Setup Snowflake Inc. (NYSE:SNOW) is one of the Trending AI Stocks in Focus This Week. On August 19, Wells Fargo reiter