Oracle adds Snowflake as a native service on its cloud platform
+1 new source since this summary was written
Oracle announced that Snowflake’s AI Data Cloud will be delivered as a first‑party offering on Oracle Cloud Infrastructure. Customers will be able to acquire, set up and run Snowflake through Oracle’s portal, with a single contract and unified pricing. Oracle will also allow the use of its Universal Credits to pay for Snowflake usage. Both CEOs highlighted the partnership as a way to give enterprises more flexibility for AI and data workloads.
Why it matters
The joint service removes the need for separate contracts and could increase Oracle’s cloud revenue as customers adopt Snowflake on OCI, according to the companies’ statements. It also lowers cross‑cloud data transfer costs, which may make the combined solution more attractive to enterprise buyers.
Key facts
- 1Oracle will provide Snowflake as a native, first‑party service on Oracle Cloud Infrastructure. stocktitan.net
- 2Customers can obtain Snowflake through Oracle’s portal and pay with a single commercial agreement. investing.com
- 3Oracle Universal Credits can be applied toward Snowflake consumption on OCI. stocktitan.net
- 4Clay Magouyrk, CEO of Oracle, said the offering expands AI and data choices for customers. stocktitan.net
- 5Sridhar Ramaswamy, CEO of Snowflake, expressed enthusiasm about being the flagship AI data platform partner on Oracle’s cloud. investing.com
- 6The announcement was made at Oracle AI World in Las Vegas. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.