Snowflake (NYSE:SNOW) shares rose about 2% in morning trading after the company disclosed a $200 million, multi-year partnership with OpenAI meant to bring advanced model capabilities directly into the enterprise data environment.
The collaboration centers on co-innovation and joint go-to-market efforts intended to deploy AI agents across large organizations worldwide. Under the terms announced, OpenAI models, including GPT-5.2, will be made natively available to Snowflake's 12,600 customers within Snowflake Cortex AI across all three major cloud platforms.
As part of the agreement, OpenAI becomes one of the primary model capabilities available on Snowflake's platform. The company said customers such as Canva and WHOOP will be able to use OpenAI's models to develop and run context-aware AI applications and autonomous agents within their businesses.
"By bringing OpenAI models to enterprise data, Snowflake enables organizations to build and deploy AI on top of their most valuable asset using the secure, governed platform they already trust," said Sridhar Ramaswamy, CEO of Snowflake.
Fidji Simo, CEO of Applications at OpenAI, added: "Snowflake is a trusted platform that sits at the center of how enterprises manage and activate their most critical data. This partnership brings our advanced models directly into that environment, making it easier to deploy AI agents and apps, so businesses can close the gap between what AI is capable of and the value they can create today."
The firms said the partnership will enable enterprises to construct custom, interoperable AI agents that can reason over governed data and act across tools and applications. Snowflake Intelligence, enhanced by OpenAI models, is positioned to give employees quick access to trusted insights through natural language queries, according to the companies.
The announcement highlights an effort to integrate leading model capabilities into Snowflake's platform and to provide enterprise customers with native access to those models on multiple cloud providers. Beyond the stock move, the arrangement signals a joint push to simplify the process of deploying AI agents that operate on governed enterprise data.
Sectors affected: cloud infrastructure, enterprise software, and data services.