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AI & Enterprise

Snowflake CEO says per-user pricing will lose justification in AI era, expand to control plane

Cloud-based data platform Snowflake posted first-quarter revenue growth of 33 percent from a year earlier, its fastest pace in two years, and its shares jumped more than 50 percent in five days. CEO Sridhar Ramaswamy said the Cortex Code coding agent is being used by more than 7,100 accounts and that Snowflake Intelligence accounts more than doubled from the prior quarter. He also outlined a control plane strategy and backed usage-based AI pricing.

Crypto

XRP surge may hinge on bank demand, not retail buying

XRP could be repriced by institutions' liquidity needs rather than individual investors' speculative demand, a claim said. XRP has fallen more than 2 percent this month and over 27 percent since the start of the year. A commentator said banks would source XRP liquidity for large payments instead of hoarding it, and that higher prices could deepen liquidity and cut slippage. The article also notes there is no guarantee such a scenario will unfold.

General News

Seoul Metropolitan Postal Service to sell N Seoul Tower stamps, commemorative postcards

The Seoul Metropolitan Postal Service will sell stamps and international postcards themed on N Seoul Tower, a landmark popular with tourists. Working with CJ Foodville, it will begin selling four types of custom stamps featuring seasonal scenery of the tower and seven types of international postcards from June 1. The products will be available at the gift shop in the N Seoul Tower observatory. An official said the items would help visitors keep memories.