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Home » Snowflake’s Frank Slootman: Generative AI Disruption, Obsolescence
Cloud Wars Minute

Snowflake’s Frank Slootman: Generative AI Disruption, Obsolescence

Bob EvansBy Bob EvansMay 26, 2023Updated:May 26, 20232 Mins Read
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Acceleration Economy Cloud Wars

Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the “reimagination machine” that is the Cloud.

In this Cloud Wars Minute, Bob Evans details Snowflake’s emphasis on taking part in the generative AI revolution.

Highlights

00:22 — On its most recent earnings call, Snowflake CEO Frank Slootman talked about the incredible impact that generative AI will have not only on businesses but also on industries. In fact, he noted that generative AI has the potential to make entire industries obsolete.

01:17 — Slootman explained how Snowflake has a strong desire to become a major player in large language models (LLMs). In addition to LLMs, Snowflake is moving aggressively into data science, machine learning (ML), and artificial intelligence (AI). Specifically, there has been a 91% increase in related workloads for Snowflake customers.

Guidebook: The Business Impact & Opportunity of Generative AI

02:00 — Additionally, Snowflake is awaiting the acquisition of Neeva, a company that does next-generation searches, powered by LLMs. Flat out, Slootman said, “We will attract tremendous demand” for LLMs.

02:35 — Bob explains that Slootman’s remarks are not meant to bring about “doom and gloom,” but rather, his sentiments reflect the impact that generative AI will have on the business world. Slootman feels that, as businesses get a better sense of these technologies, the impacts will be astonishing. He wants Snowflake right in the middle of the generative AI/LLM revolution.

03:31 — In the near future, Bob will follow up with related material about Snowflake’s Q1 results, but offers a brief overview. For the quarter that ended April 30, product revenue was up 50%, but growth rates started to moderate at the beginning of early April. Snowflake’s guidance for Q2 is 33-34%. For the full year, which ends Jan. 31, Snowflake is projecting a total of 34% growth.


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Bob Evans

Founder, Cloud Wars
Co-Founder, Acceleration Economy

Areas of Expertise
  • Cloud
  • Digital Business
  • LinkedIn

Founder of Cloud Wars and Co-Founder of the Acceleration Economy, Bob leads the strategic direction of the global analyst network and actively covers the Cloud and Digital Business categories. Creator of Cloud Wars Top 10, a ranking and ongoing analysis world's most influential tech companies driving digital business and the digital economy. World-class strategic communicator focused on emerging business strategy, disruptive innovation, and forward-looking leadership.

  Contact Bob Evans ...

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