May 22, 03:05 AM

Snowflake's $1B Acquisition of Reka AI Collapses

Snowflake's negotiations to acquire the generative AI startup Reka AI for over $1 billion have collapsed. The deal was aimed at integrating more generative AI technology into Snowflake's offerings. Reka AI, founded in 2022 by former Google and Meta engineers, specializes in building large language models for businesses. The reasons behind the breakdown of the talks remain unclear.

#Snowflake #Reka AI #Google #Meta

Written with ChatGPT (GPT-4o).

Sources

Cory Johnson ⚡️@CoryTV
2 years ago
Snowflake earnings update: is AI the new driver? ⚡🔋 https://t.co/Ls0PwWCm1c $SNOW 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE #Snowflake
Brody Ford@BrodyFord_
2 years ago
scoop: Snowflake's talks to acquire generative startup Reka AI for over $1B have broken down. Reporting earnings today alongside NVIDIA. $SNOW $NVDA With @rachelmetz https://t.co/WObdCeuFpH
Brody Ford@BrodyFord_
2 years ago
scoop: Snowflake's talks to acquire generative startup Reka AI for over $1B have broken down. Reporting earnings today alongside NVIDIA. $SNOW $NVDA https://t.co/WObdCeuFpH

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Snowflake's $1B Acquisition of Reka AI Collapses

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