Snowflake intends to acquire Crunchy Data, a provider of open-source PostgreSQL technology, to enhance its AI Data Cloud by integrating Crunchy Data's enterprise-grade Postgres offerings. The new product, "Snowflake Postgres," will be a developer-friendly, AI-ready database for mission-critical applications. Snowflake plans to invest approximately 0 million in this acquisition, which aims to support complex AI applications at scale and bring a team experienced in Postgres. This move comes amid a competitive cloud data market, with Snowflake's stock trading near its 52-week high. The acquisition is expected to influence how enterprises approach AI and data integration, potentially setting a new benchmark for cloud platforms.