Snowflake Strikes $200 Million AI Deal With Anthropic, Posts Narrower Third-Quarter Loss

Snowflake SNOW -11.41%decrease; red down pointing triangle entered into a $200 million deal with the artificial intelligence startup Anthropic to make its large models available on the cloud-software company’s platform.

The deal came as Snowflake on Wednesday also reported a narrower third-quarter loss as revenue climbed, helped by increased demand for its enterprise AI agent.