HIGHLIGHTS: Sridhar Ramaswamy - CEO of Snowflake

Hi, everybody. Tune in to this short version of the podcast, which we do every Friday. For the long version, tune in on Wednesdays. Hi, everyone. I'm Nicolai Tangen, the CEO of the Norwegian Sovereign Wealth Fund. And today, I'm joined by Sreedhar Ramaswamy, the CEO of Snowflake. Snowflake is basically the data platform that many of the world's biggest companies run on. So when your bank approves a loan or when a hospital pulls together patient data, Snowflake is often the engine underneath. Sreedhar spent fifteen years at Google where he built the advertising business from one and a half billion to over a $100,000,000,000. Then he walked away to start his own company, and two years later, he became the COO of Snowflake. Now here at MBIM, we are investors in Snowflake, and we are also big users of the products. We have two petabytes of data in Snowflake, which is the equivalent of 2,000,000 gigabytes. And we have roughly 3,000,000 queries into the database every day. So big welcome, Sridhar. Thank you, Nikolai. Happy to be here. Excited for the conversation. First of all, how would you describe Snowflake to somebody who's never heard of it, in brief? We are, yeah, we are a we are a data platform. We are like a cloud computing platform, like an AWS, but with a strong focus on data. We help you do everything from bringing data from various different systems, analyze it, get insights from it, and then, take it to the systems where you take action. So we are an analytic data platform. Who are your clients? Gosh. Half the, global 2,000 companies that are addressable, that is non China companies, are, our customers. Hundreds and hundreds, of, customers in financial services, health care, advertising, industries. The list goes on and on. And, we are, we operate out of more than 25 countries and have customers in way more than those. Continuing on on AI, in what ways are you benefiting from, from this revolution? I take a reductive, approach when it comes to AI and, a software company like Snowflake. You know, at our core, we do two things. We create and run great software. This is what my engineering team does. We sell and help customers, like you implement our software. So a lot of our energy is focused very much on how do we make this go faster. On the sales side, our, sellers now have tools that give them instant access to information. It's a sales agent that sits in their phone. Our solution engineers can do a custom demo for Nicola in thirty minutes that has data that'll look like it came from your bank. Their ability to use these tools, drive outcomes for you is incredible. And then on the software engineering side, coding is being revolutionized. I just came from a meeting where we are talking about how we need to get more people into spec driven coding development, which is …