SNOWFLAKE
ASOS stock crashes 13% after ‘ASOS HACKED’ alert hits customers’ phones: Is your data at risk?
ASOS shares crashed 13% after a “ASOS HACKED” alert reached customers’ phones, claiming hackers had compromised a Snowflake instance and threatened to leak data. The retailer has not confirmed the alleged breach, leaving questions over what happened and whether customer data is at risk.
ASOS hacked? A threatning 'we will leak it' alert has shoppers checking their accounts; is their data at risk and should customers delete the app?
An alarming notification appeared through the ASOS app. However, the broader claim behind the message has not been verified. Someone appears to have gained enough access to send a push notification to users. That level of access is concerning. But it does not necessarily mean ASOS customer records were compromised.
Patchwork algorithms get the job done: What is helping curb skyrocketing costs of enterprise AI?
As businesses navigate the AI frontier, many are embracing a blend of advanced models to address distinct needs effectively. Industry giants such as Snowflake and Nvidia are pioneering model-routing solutions, while innovative startups in India are joining the ranks. Research shows that leveraging multiple models can enhance efficiency and cut costs, though factors like language quality and security challenges impede progress.
MongoDB stocks crash at Nasdaq: In 2025, MDB share price jumped over 30 per cent, one year later company stocks suffer Wall Street's biggest losses after Meta's latest recruitment move
MongoDB share price today: MongoDB is a software company that provides a cloud-based database platform used to build and run modern applications. Its technology helps businesses manage data efficiently, combining search, analytics, and AI tools in one system.
Can artificial snow save a melting glacier? Scientists tested cloud seeding on China’s Muz Taw Glacier and found a surprising change in ice loss
Scientists experimented with cloud seeding to encourage snowfall on China's Muz Taw Glacier. This artificial snow increased the glacier's reflectivity, reducing heat absorption. Mass loss decreased by fourteen to seventeen percent after the snowfall experiment. Researchers noted this method requires suitable clouds and further extensive studies. The experiment offers a glimpse into unusual interventions for slowing glacier retreat.
SaaS is beating the ‘SaaSpocalypse’! CLSA explains what AI means for Indian IT stocks
CLSA sees AI widening the gap between SaaS platforms and Indian IT services, favouring Persistent Systems and LTIMindtree. SaaS firms are gaining productivity, while system integrators face automation pressure. Both companies are adapting through deal growth, AI adoption and higher-value engineering work.
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Governance, not models, is the biggest obstacle to enterprise: Red Hat’s Vincent Caldeira
Red Hat’s APAC CTO said the industry does not yet have a platform that can make an AI agent completely secure out of the box and companies must make a judicious call when opting for such solutions.
US stocks today: S&P 500 rise as Fed's Waller signals openness to holding rates steady
US stocks traded higher as Fed Governor Christopher Waller said he could support holding interest rates steady if inflation continues to cool. Investors are now watching Friday's jobs data for clues on the Fed's next move, while rising oil prices and Middle East tensions remain key risks for markets.
Adobe’s next boss joins a powerful club: Meet the Indian-origin CEOs running the world’s biggest companies
Adobe’s next CEO Anil Chakravarthy is joining a powerful club. From Microsoft and Google to Chanel, FedEx and Micron, Indian-origin executives now run companies spanning technology, banking, luxury, pharmaceuticals and manufacturing. Here are the leaders occupying some of the biggest corner offices in global business.
Rentomojo’s valuation jump; SoftBank’s Meesho windfall
Rentomojo is expected to go public at a valuation nearly five times higher than its previous private market round. This and more in today's ETtech Top 5.
Can Big Tech’s $1-trillion AI bet pay off? Jefferies explains why it remains bullish
Jefferies remains bullish on Big Tech’s $1-trillion AI investment despite near-term financial pressure. Rising customer backlogs, strong cloud revenue, and improving infrastructure economics support this outlook, though power shortages and regulatory delays remain potential risks for enterprise adoption.
US stocks today: Dow soars 600 pts, S&P, Nasdaq over 1% as Fed governor Waller's remarks ease rate hike fears
US stocks rallied over 1% on Thursday as Fed Governor Christopher Waller's comments eased rate hike fears ahead of the US jobs report. The S&P 500, Nasdaq and Dow Jones all gained, while Nvidia and software stocks rose. Broadcom fell after its revenue forecast failed to meet high AI expectations.
India’s data centre capacity hits new high as AI powers a 4x boom
India leads Asia-Pacific data centre growth, with capacity quadrupling and substantial future projects underway. Significant investments from Reliance and Adani are driving AI campus development across the nation. Maharashtra remains a key hub, while new centers are emerging in other states. Increased computing power will significantly raise electricity demand for these facilities. Power transmission and cooling systems present infrastructure challenges for future expansion.
India’s AI data-centre push could drive 5% of global chip demand by 2030
Global semiconductor revenue is projected to reach $1.6 trillion by 2026. AI data centres will drive significant growth in chip demand worldwide. Memory prices are expected to surge, impacting India's consumer electronics market. Smartphone and PC prices may increase by up to thirty percent. Entry-level device shipments could see a substantial decline.
China's open-source bout is changing AI
America's attempt to contain China's AI ambitions may have altered the industry, accelerating a shift towards open models, cheaper intelligence and platforms.
The AI pilot era is ending. Now enterprises are worrying about the bill, says Snowflake
As companies deploy AI across more users and workloads, Snowflake says attention is shifting to token costs, model choice, spending controls and returns.
The audience behind the algorithm: How ET helps turn your AI ambition into business strategy
A strategic look at how ET’s Partner With Us initiative enables enterprise technology brands like Snowflake to reach influential decision-makers, build authority around AI and data, and turn visibility into meaningful business conversations and substantial opportunities.
AI firm Databricks valued at $190 billion as it bags $5 billion in funding
The funding comes six months after Databricks was valued at about $134 billion in a previous round, as investor demand for companies tied to the AI boom remains strong.
What the ET AI Conclave and Awards 2025 indicate about meaningful brand partnerships
The ET AI Awards 2025 brought together India's AI ecosystem while demonstrating how editorial credibility, influential audiences and strategic partnerships create lasting value for brands.
US stocks: Amazon beats estimates for quarterly cloud revenue growth
Amazon Web Services cloud revenue surged significantly, surpassing market forecasts. This strong performance was fueled by increased enterprise artificial intelligence spending. Rivals Microsoft and Alphabet's Google also reported solid cloud revenue growth. Amazon's e-commerce business saw increased activity during its Prime Day event. The company's investments in AI infrastructure are now showing clear returns.
Snowflake unveils $448 million pay plan for CEO tied to ambitious stock targets
Ramaswamy's award, totaling 1 million shares, is structured into five tranches, each with escalating stock price milestones, and is designed to retain him as CEO until September 15, 2030.
How Do Snowflakes Form Such Perfect Symmetry?
Snowflakes, nature's tiny artworks, owe their six-sided symmetry to the hexagonal arrangement of water molecules in ice. As they fall through clouds, varying temperatures and humidity dictate their intricate branching patterns. While environmental conditions ensure arms grow similarly, microscopic atmospheric variations make each snowflake uniquely beautiful, a testament to physics in action.
Snowflake to acquire Observe, offer its AI observability tools to enterprises
In a statement, Snowflake said the Observe platform will be integrated directly into its AI data cloud so that enterprises can easily ingest and retain all of their telemetry data, including logs, metrics, and traces, while lowering observability costs by up to 60%.
Snowflake beats revenue estimates, signs $200 million AI deal with Anthropic
Businesses have been implementing generative AI strategies and building applications that leverage large language models for tasks such as data analysis, automation and customer engagement, benefiting companies such as Snowflake.
Snowflake stock surges over 20% after strong Q2 earnings and positive guidance for next quarter
SNOW stock today: Snowflake shares saw a big jump after strong earnings. The company beat Wall Street forecasts for the second quarter. Revenue reached $1.1 billion, a 32% increase. Snowflake also gave a positive outlook for the current quarter. Businesses are using Snowflake for AI projects. The company is helping firms deploy their own AI agents using data.
Snowflake lifts product revenue forecast, enters AI deal with Anthropic
Snowflake raised its annual product revenue forecast and announced a partnership with AI firm Anthropic to enhance its cloud services, boosting its shares by 19% in extended trading. Through the collaboration, Snowflake customers can integrate Anthropic's advanced language models to develop AI applications, enabling deeper data analysis and visualization.
Snowflake shares sink 21% on weak forecast, surprise CEO retirement
Snowflake expects product revenue of $3.25 billion in fiscal year 2025, and between $745 million and $750 million for the quarter ending April, both below Wall Street expectations.
Data cloud firm Snowflake names ex-Microsoft executive Vijayant Rai as new India MD
Rai takes over from Vimal Venkatram, who has moved to a regional role for Snowflake, based in Singapore, a company statement said. He will be responsible for driving business growth and go-to-market strategy for Snowflake in India, it added.
Has Netflix canceled Snowflake Mountain after season one? Here’s what we know
Snowflake Mountain, a reality show on Netflix, has not been renewed by the OTT platform for a second season. Here’s why.
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