12:57 PM EDT, 06/04/2024 (MT Newswires) -- Snowflake's (SNOW) Sridhar Ramaswamy is on the lookout for deals in artificial intelligence to gain an edge over competitors, Bloomberg reported Tuesday, citing an interview with the new chief executive.

Ramaswamy, who took the reins of the company in February, told the publication that the company would look for acquisitions "opportunistically."

The company had previously tried to acquire Reka AI for over $1 billion but discussions collapsed last month.

Snowflake did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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