Snowflake Has Already Hit $100 Million AI Run-Rate, CEO Says: 'Real Usage

Snowflake Inc (NYSE:SNOW) smashed through its AI milestone a quarter ahead of expectations, reaching a $100 million annualized AI revenue run rate earlier than forecast. CEO Sridhar Ramaswamy emphasized that the number isn't cosmetic or speculative. "This milestone $100 million AI revenue run rate reflects real-world production usage — not a forecast slide," he said over the company’s third quarter earnings call.Track SNOW stock here.With peers in the AI race often accused of marketing inflation and vaporwa ...