![](\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/06\/GettyImages-2278644390-e1780913543852.jpg?w=2048\")
<\/p>\n<\/p>\n
Good morning.<\/strong> What does it mean to be a \u201ctech worker\u201d in the AI age? I had a conversation with Snowflake CEO Sridhar Ramaswamy while moderating at the Snowflake Summit last week that got me thinking about that. His AI data cloud company recently reported what my colleague Sebastian Herrera described as a \u201cblowout first quarter\u201d that sent its stock price up more than 50%. Ramaswamy became CEO of Snowflake in 2024, several months after it acquired his search company Neeva that he\u2019d formed as an alternative to Google\u2019s advertising business that he\u2019d helped build over 15 years. At Google, he saw how a singular focus on product could come at a cost to not only customers but employees.<\/p>\n \u201cGoogle had at various times described itself as an engineering company or a product company and I felt that belittled and alienated a lot of people unnecessarily,\u201d Ramaswamy told me. \u201cOne of the things that I try to do here is to make sure that everyone feels that they\u2019re here for a reason, that the work that they do is valued and respected \u2026 We succeed by working well with each other.\u201d<\/p>\n For a man who holds a PhD in computer science, who\u2019s known for his ability to build, scale and manage breakthrough software products, that\u2019s a profound statement. We\u2019ve seen plenty of examples of Silicon Valley peers who talk glibly about player-coaches and view non-tech employees with visible disdain. It\u2019s rare to find tech leaders like Ramaswamy or Cognizant\u2019s Ravi Kumar S, who say that we\u2019re on the cusp of an era where the ability to code will be table stakes and hiring those with other capabilities is also critical for success.<\/p>\n As Ramaswamy put it: \u201cThis belief in the current set of job specializations and job descriptions is a complete myth. There are many jobs that are simply not needed, and there are new ones that will be needed. Everyone conceptually understands this, except when it comes to the team that they are leading.\u201d<\/p>\n \u201cThe most profound advantage that good young hires have is they have no good old days; they live in today,\u201d he added, noting that the AI journey is still new for everyone. \u201cThe abstractions for what can be done are still early. That is what is going to reveal itself over the next few quarters.\u201d<\/p>\n Ramaswamy will be joining my colleagues in Aspen for Fortune<\/em> Brainstorm Tech, which starts today and can be watched via livestream.<\/p>\n Contact CEO Daily via Diane Brady at diane.brady@fortune.com<\/em><\/p>\n Justifying SpaceX\u2019s $1.75 trillion valuation<\/b><\/p>\n SpaceX would have to earn $1.1 trillion in revenue by 2035 to justify its expected market cap of $1.75 trillion. SpaceX\u2019s S-1 filing revealed 2025 revenue of just $18.7 billion. <\/span>And <\/span>no company has ever come close<\/span> to such a growth rate.\u00a0<\/span><\/p>\n The 200-year-old club<\/b><\/p>\n Twelve companies on this year\u2019s Fortune 500 are <\/span>at least 200 years old<\/span>, including Molson Coors, Cigna, and JPMorgan Chase. Their longevity results from a durable core business, disciplined decision-making, and the ability to adapt without losing focus on the long game.<\/span><\/p>\n Signs of movement in the Strait<\/b><\/p>\n Talks to extend the ceasefire between the U.S. and Iran are dead in the water, but traffic through the Strait of Hormuz is anything but. The number of ships transiting the contested waterway remains just a fraction of pre-war levels, but fresh reports indicate <\/span>activity is busier than previously thought<\/span>.<\/span><\/p>\n S&P 500<\/b> futures are up 0.34% this morning. The last session closed down 2.64%. <\/span>The<\/b> STOXX Europe 600<\/b> was down 0.45% in early trading. <\/span>The U.K.\u2019s FTSE 100<\/b> was flat in early trading.<\/span> Japan\u2019s Nikkei 225 <\/b>was down 3.85%.<\/span> South Korea\u2019s KOSPI <\/b>is<\/span> down 8.29% today. <\/span>China\u2019s CSI 300 <\/b>was down 2.14%.<\/span> Hong Kong\u2019s Hang Seng <\/b>was down 1.22%.<\/span> India\u2019s NIFTY 50 <\/b>was down 1.13%. <\/span>Bitcoin<\/b> was at $63K.<\/span><\/p>\n \u2018The golden years are not golden\u2019: Boomers are hoarding most of America\u2019s wealth and power because they\u2019re terrified of outliving their money<\/span> by Nick Lichtenberg\u00a0<\/span><\/p>\n High-earning millennials and Gen Zers feel broke and conflicted: \u2018I make a good salary, I shouldn\u2019t be struggling this much\u2019<\/span> by Sydney Lake<\/span><\/p>\n SpaceX\u2019s IPO will also be a massive selling event triggering big price dislocations across the stock market as investors dump shares to buy SPCX<\/span> by Jason Ma<\/span><\/p>\n The Seattle Storm used to be the \u2018tail\u2019 on the \u2018dog\u2019 of its NBA counterpart. Now the WNBA team is leading the city\u2019s basketball revival<\/span> by Sasha Rogelberg<\/span><\/p>\n CEO Daily is curated and edited by Joseph Abrams, Jason Ma, Claire Zillman, and Lee Clifford.<\/p>\n<\/div>\n #Snowflake #CEO #big #myth #heart #org #chart<\/p>\n","protected":false},"excerpt":{"rendered":" Good morning. What does it mean to be a \u201ctech worker\u201d in the AI age? I had a conversation with Snowflake CEO Sridhar Ramaswamy while moderating at the Snowflake Summit… <\/p>\n","protected":false},"author":1,"featured_media":6236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[237,369,1411,3145,4494,8689,3144,7301],"class_list":["post-6235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-big","tag-ceo","tag-ceo-daily","tag-chart","tag-heart","tag-myth","tag-org","tag-snowflake"],"_links":{"self":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/6235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6235"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/6235\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/media\/6236"}],"wp:attachment":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\nTop leadership news<\/h3>\n
The markets<\/h3>\n
Around the watercooler<\/h3>\n