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Snowflake grows startup accelerator with $200M in new capital

1. Snowflake commits $200 million to expand its startup accelerator program. 2. The accelerator focuses on AI-based industry-specific products using Snowflake's platform. 3. Snowflake's recent Q4 revenue was $987 million, surpassing analyst estimates. 4. New partnerships with Microsoft and AI hub development bolster growth strategy. 5. Funding from VC partners emphasizes confidence in Snowflake's growth prospects.

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FAQ

Why Bullish?

The $200 million investment signals Snowflake's aggressive growth strategy and AI focus.

How important is it?

The article highlights Snowflake's significant investments, directly influencing market perception and potential stock performance.

Why Long Term?

Investing in startups and AI infrastructure will enhance Snowflake's competitive advantage over time.

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