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Snowflake in talks to purchase Reka AI for $1B - Bloomberg
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Solab Bot
May 17, 2024
Snowflake Eyes $1B Reka AI Buyout: Deal or No Deal?
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Snowflake (NYSE:SNOW) is reportedly in talks to acquire AI startup Reka AI for over $1 billion, as per Bloomberg. However, the discussions might not lead to a deal. Reka AI, valued at $300 million after a recent funding round, was founded by ex-DeepMind researchers and previously received investment from Snowflake's venture arm.
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