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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.

AI & Enterprise

Red Hat upgrades Ansible Automation Platform, evolves into agentic AI operations layer

Red Hat said on June 1 it updated Red Hat Ansible Automation Platform to help enterprises operationalise AI agents. The company said it is building a trusted execution layer for IT operations in an agentic era, linking AI intelligence with real-world operations. Red Hat said version 2.7 and a new automation orchestrator in technical preview combine human oversight with intelligent insights to orchestrate complex AI workflows.

AI & Enterprise

Cyera acquires Israeli AI agent data lake startup Ryft Data

Cyera, an AI and data security company, has acquired Israeli startup Ryft Data, SiliconANGLE reported on April 23, citing Globes. Globes cited sources as saying the deal is valued at an estimated $100 million to $130 million. Founded in 2024, Ryft develops an automated data lake platform for deploying AI agents, analyzing how employees and AI agents access data and automating authorization, classification and optimization.