Snowflake Stock Rises After Announcing $200 Million OpenAI Partnership

Snowflake stock rose 2% in premarket trading on Monday after the AI Data Cloud company announced a $200 million partnership agreement with OpenAI to deliver advanced AI model capabilities to enterprise customers.

The multi-year partnership will focus on co-innovation and joint go-to-market efforts aimed at deploying AI agents across global enterprises. Under the agreement, OpenAI models like GPT-5.2 will be natively available to Snowflake’s 12,600 global customers within Snowflake Cortex AI across all three major cloud platforms.

This collaboration makes OpenAI one of the primary model capabilities in Snowflake’s platform, allowing customers such as Canva and WHOOP to leverage OpenAI’s industry-leading models to deploy context-aware AI applications and agents across their businesses.

"By bringing OpenAI models to enterprise data, Snowflake enables organizations to build and deploy AI on top of their most valuable asset using the secure, governed platform they already trust," said Sridhar Ramaswamy, CEO of Snowflake.

Fidji Simo, CEO of Applications at OpenAI, added: "Snowflake is a trusted platform that sits at the center of how enterprises manage and activate their most critical data. This partnership brings our advanced models directly into that environment, making it easier to deploy AI agents and apps, so businesses can close the gap between what AI is capable of and the value they can create today."

The partnership will enable enterprises to build custom, interoperable AI agents that reason over governed data and take action across tools and applications. Snowflake Intelligence, powered by OpenAI models, will give employees instant access to trusted insights using natural language queries.