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FRANK SLOOTMAN
Payment firms and KYC compliance; Cabinet nod for Tata chip unitDespite the regulator’s insistence on adhering to prescribed norms, many payment firms seem to be lax in conducting bank-grade KYCs. This a...- S&P, Nasdaq end at records as inflation data supports rate cut viewDell Technologies, which sells AI-optimized servers made with Nvidia's high-end processors, rose 1.51% ahead of its report after the bell.
- Snowflake shares sink 21% on weak forecast, surprise CEO retirementSnowflake expects product revenue of $3.25 billion in fiscal year 2025, and between $745 million and $750 million for the quarter ending Ap...
- Tata chip unit gets Cabinet nod; Sridhar Ramaswamy named Snowflake CEOThe Rs 91,000-crore project will be set up in Gujarat’s Dholera district in partnership with Taiwanese Powerchip Semiconductor Manufacturin...
- Snowflake appoints IIT alumnus Sridhar Ramaswamy as CEOSridhar Ramaswamy, former AI lead at Snowflake, becomes CEO, succeeding Frank Slootman. Snowflake reports Q4 revenue of $775m, FY24 revenue...
- IT platform NinjaOne valued at nearly $2 billion after latest funding roundTexas-based NinjaOne operates in more than 80 countries and counts chipmaker Nvidia, the State of California and University of Oxford among...
- Snowflake sees product revenue above estimates on AI-driven demandSnowflake expects product revenue for the fourth quarter to be in the range of $716 million to $721 million, which is above analysts' avera...
- Moglix founder Rahul Garg reveals he finds inner peace on Mauritius' pristine beachesRahul Garg, the founder of Moglix, finds tranquillity and inner peace on the pristine beaches of Mauritius. Beyond his entrepreneurial ende...
- Instacart reveals IPO filing, disclosing PepsiCo investment, profitabilityGrocery delivery service Instacart on Friday said its core business turned profitable after making public its filing for a long-awaited sto...
- Grocery delivery app Instacart makes IPO filing publicThe U.S. initial public offering (IPO) market has shown signs of revival in recent months after a drought in 2022, as markets climb on bets...
- Nvidia brings its AI computing platform to cloud data firm SnowflakeIn this case, Nvidia is taking a "fairly engineering intensive" move of embedding its NeMo platform for training and running generative AI ...
- Snowflake CEO becomes one of the best-paid tech executives, collects $108 mn salary every monthFrank Slootman’s pay includes more than 13.7 million options with a strike price of $8.88.
- Buffett-backed Snowflake's value doubles in stock market's largest software debutAmong U.S.-listed companies with a market capitalization of at least $10 billion, only three companies are now more expensive than Snowflak...
- When funders turn foundersArmed with the experience of handing out advice and cash, some venture capitalists are setting up their own businesses. Many learn that ent...
- Data Domain accepts NetApp takeover bidData storage firm Data Domain agreed on Wednesday to a $1.9 billion takeover offer from data management company NetApp, rejecting a rival b...
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