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Regarding Snowflake consumption, you said "[u]sage on Snowflake is driven by queries run on Snowflake" rather than applications. Three things:

1) Snowflake has a nascent but growing applications business and a well defined Native Application Framework. Last fiscal Snowflake announced 971 Powered by Snowflake companies / applications.

2) Snowflake announced hybrid tables last year which is a feature that provides OLTP type tables in the core platform, and as that feature goes GA, I'd expect Snowflake to increase its footprint in operational applications.

3) At the end of the day, applications are two things: 1) compute running the logic and providing a GUI and 2) queries reading/writing to a database. Snowflake demonstrated hosting Streamlit applications natively last year for (1) and (2) is already happening.

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