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Fortune
Fortune
Sharon Goldman

With $30 billion in lost market value and big shoes to fill, Snowflake’s new CEO bets big on AI—and on big friends like Nvidia’s Jensen Huang

(Credit: Courtesy of Snowflake)

It's been just three months since Sridhar Ramaswamy, a former Google senior executive, took the reins as CEO of Snowflake, and one big change under the new boss is already easy to spot: The decade-old company long known as the "Data Cloud" now bills itself as the "AI Data Cloud."

The rebrand may seem like a mere marketing exercise at a time of widespread AI hype, but Ramaswamy is ardent that AI and data are inextricable elements of Snowflake's business and its future success. AI now “pervades everything that is happening in Snowflake,” Ramaswamy told Fortune in an interview in advance of Snowflake’s annual summit taking place in San Francisco this week. And AI has become “the nervous system” that connects companies internally, he said, helping them create and manage data, but also allowing businesses to exchange information in real time across clouds with other companies. 

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