“Snowflake (NYSE:SNOW) and Oracle have launched Snowflake's AI Data Cloud as a native, first party service on Oracle Cloud Infrastructure.
Oracle customers can now provision and manage Snowflake directly on OCI within their existing Oracle environment.
The arrangement introduces unified pricing and billing so enterprises can access Snowflake services through Oracle contracts and invoices.
This new native Snowflake AI Data Cloud integration on OCI is a meaningful shift.
Simply Wall Street
@xa you say AI they say BS
@xa Thats easy, I would have fired the worthless grifter leprechaun CEO and all the ELT and just started over day one. The BOD is just as stupid continuing to keep him around.
I'm former Teradata but have worked in Data since being laid off from Teradata. I can tell you with 100% confidence that if someone suggested trying Teradata for a project they'd be laughed out of the room and not taken seriously. This is what people think of Teradata. Honestly on my resume it hurt more than it helped getting a new job.
@v3 Blaming the whole cloud transition on one hire is the easy take when you've never had to own a result. Cloud ARR is up 8%, adjusted free cash flow more than tripled, and the money is going into AI. You say changes were possible, so name one you'd have made. That's usually where these takes run out.
@se I'd say Teradatas "Kodak Moment" was hiring the leprechaun.
Things werent in a good situation but changes were posdible. Now not so much.
@rg Kodak's core business died and it never built anything to replace it. Teradata's public cloud ARR grew 8% last quarter to $686M, and adjusted free cash flow more than tripled. SA is pushing us toward AI, and the money went there instead of into raises for deadwood. That's the opposite of Kodak. The people making that comparison are describing their own careers, not the company.
@rf Kodak is often used as a case study in MBA programs. One of the biggest companies in the world but they refused to accept digital photography and look where they are now. Smart choice.
Teradata had its "Kodak Moment" with cloud computing but chose to prioritize onprem. Dont worry execs will cash out and do fine all while Teradata finds its way to the trash heap. Everyone else is sc--wed.
Teradata once was a company few could compete with. Same was once true of Kodak. Teradata has become a Kodak of IT. In the immortal words of the poltergeist in Amityville Horror: "GET OUT!!"
And all of Oracle’s are now open to Snowflake. When is the wake?
Legacy is moving to Snowflake.
Teradata is a dead end that keeps getting longer in the tooth.
Oracle? What’s an Oracle?
The Leprechaun
Uh oh...said the leprechaun...