Sridhar Ramaswamy, the CEO of Snowflake Inc., dives into the fast-paced world of AI innovation. He discusses the disruptive arrival of DeepSeek, a China-based competitor shaking up the AI landscape and fostering concerns about the U.S. catching up. Ramaswamy emphasizes how Snowflake's technology is critical for large language models and refutes claims that they're lagging in the race. The conversation touches on the need for transparency in AI advancements and explores how businesses must swiftly adapt to remain competitive.
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insights INSIGHT
DeepSeek's Impact
DeepSeek, a Chinese AI model maker, challenged the notion that massive computing power is essential for AI innovation.
This raises questions about the US's position in the AI race and the future of AI development.
question_answer ANECDOTE
DeepSeek's Disruptive Model Training
DeepSeek trained a world-class AI model for a fraction of the cost of competitors like OpenAI.
Snowflake, despite early efforts, couldn't compete with the billions spent by larger companies on model training.
insights INSIGHT
AI Innovation Landscape
DeepSeek's success demonstrates that innovation in AI is not limited to large companies with vast resources.
This changes assumptions about the future of AI development and opens opportunities for smaller players.
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AI is developing at lightning-fast speeds. What is seen as game-changing on a Monday could be seen as behind the curve by Friday. Investors have been reminded of that this week as AI darling stocks such as Nvidia (NVDA) get punished on fears of DeepSeek. The China-based model maker that competes with OpenAI and Meta (META) has called into question the computing power that's needed to drive AI innovation. It has also raised concerns about whether the US is behind China in the great AI race. Yahoo Finance Executive Editor Brian Sozzi digs into this hot topic with Snowflake CEO Sridhar Ramaswamy. Snowflake’s technology is a key enabler of large language models, so the company has a prime seat to how fast the sector is moving and how. Ramaswamy shares his perspective on DeepSeek, and looks to put to bed the views Snowflake is being left behind in the AI race.
Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.
Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky.
Sridhar Ramaswamy is an Indian-American computer scientist and executive. He is the CEO of cloud-based data-warehousing company Snowflake Inc. since February 2024.
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