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Data Cloud

All articles tagged with #data cloud

businesstechnology1 year ago

"Snowflake's New CEO Banks on AI and Nvidia Partnership Amid $30B Market Dip"

Snowflake's new CEO, Sridhar Ramaswamy, is steering the company towards becoming an "AI Data Cloud," emphasizing the integration of AI into its data services. Despite a significant drop in market value and challenges following the departure of former CEO Frank Slootman, Ramaswamy is leveraging partnerships, notably with Nvidia, to enhance AI capabilities. The company aims to transform how businesses manage and utilize data, betting on AI to drive future growth and customer value.

via Fortune|
#ai#businesstechnology#data-cloud
technology2 years ago

Snowflake's Latest AI Advancements and Partnerships.

Snowflake has launched Document AI, a new interface that uses a large language model (LLM) to extract value from unstructured data. The interface processes natural language queries to extract content and analytical insights from documents such as invoices and contracts. The converted data can be used for traditional analytics, BI or other downstream ML processes. The move marks a major development for the data giant, which started off with a focus on structured data. Snowflake also announced updates for Iceberg tables and ML-powered SQL functions for its data cloud, as well as cost optimization tools.

via VentureBeat|
#ai#data-cloud#document-ai
technology2 years ago

Snowflake and Nvidia team up for generative AI in the cloud.

Snowflake has partnered with Nvidia and Microsoft to offer customised AI models for businesses that will keep proprietary data safe. The partnership with Nvidia will provide an alternative to companies concerned about ChatGPT and proprietary information. Using Nvidia’s NeMo framework for AI developers, Snowflake's customers will be able to use the data in their Snowflake accounts to make custom large-language models for advanced generative AI services. The ability to customise LLMs without moving data enables proprietary information to remain fully secured and governed within the Snowflake platform.

via MarketWatch|
#ai#data-cloud#microsoft
technology2 years ago

Snowflake and Microsoft team up to bring generative AI to data cloud, boosting SNOW stock.

Snowflake is expanding its partnership with Microsoft to bring generative AI to its Data Cloud product, allowing data scientists to build new integrations between the Data Cloud and Azure ML, and leverage integrations with Azure OpenAI and Microsoft Cognitive Services. The cloud-based data-management company’s Data Cloud platform allows businesses to access their data from multiple sources and silos.

via MarketWatch|
#azure#data-cloud#generative-ai
business2 years ago

Snowflake CEO remains optimistic despite lowered forecast and stock plunge.

Despite poor guidance, Snowflake CEO Frank Slootman remains optimistic about the company's future, citing large secular trends and big markets forming. Snowflake reported $624 million in fiscal Q1 revenue, showing 48% YoY growth, but Q2 and full-year guidance fell short of expectations. Slootman also discussed the potential of generative AI for Snowflake, saying the company is rapidly becoming an AI company as well as a data company. Snowflake also announced its acquisition of search startup Neeva.

via CNBC|
#ai#business#data-cloud