Snowflake in talks to acquire AI startup Reka AI for over $1bn to expand generative AI offerings.
Snowflake, a cloud data platform company, is reportedly in talks to acquire AI startup Reka AI for over $1bn. The deal, if confirmed, would expand Snowflake's offerings in generative AI, used for tasks like image captioning and customer support chatbots. Snowflake sees generative AI as a potential growth driver. The acquisition talks were reported by Bloomberg, but the companies have not confirmed the matter.
May 16, 2024
5 Articles