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AI & Enterprise

Snowflake shares jump 22 percent after hours on better-than-expected results and outlook

Snowflake shares rose 22 percent in after-hours trading on Sept. 2 after the AI data cloud company posted quarterly results and an outlook that beat market expectations. Fiscal second-quarter revenue increased 35 percent from a year earlier. Net loss narrowed to $191.7 million, or 55 cents per share. Growth in the AI coding agent Coco also supported performance, with accounts rising to 9,100 after adding more than 2,000 this quarter.

AI & Enterprise

Snowflake launches Cortex AI Gateway, expands AI security business

Snowflake said on Tuesday it is rolling out a range of AI security technologies to build a foundation for trusted agent interoperability. It plans to release Cortex AI Gateway in public preview to help companies strengthen AI agent security and provide centralized visibility and control over AI usage costs. The gateway will support control, orchestration and management of third-party AI agents developed on external platforms such as Claude Code and Cursor.

AI & Enterprise

Thomson Reuters expands enterprise AI on Snowflake

Snowflake said on Tuesday that Thomson Reuters will build an enterprise AI and data platform on its platform. The company said Thomson Reuters has used Snowflake since 2021 to integrate enterprise governance and security capabilities with scalable data infrastructure. More than 1,500 employees access governed data through Snowflake. Thomson Reuters is also modernising legacy systems using Snowflake’s coding agent CoCo.