Snowflake Cortex AI will integrate Microsoft Azure OpenAI Service in Azure AI Foundry. That move will put OpenAI's models Snowflake and make them available as data agents in Snowflake's AI Data Cloud.
Snowflake said it has inked a multi-year deal to bring Anthropic's Claude models to Snowflake Cortex AI. Anthropic's Claude will be a part of Snowflake Intelligence and Cortex Analyst. The company also reported strong third quarter earnings.
Snowflake reported strong product revenue growth 29% in the second quarter and raised its outlook.
Snowflake fleshed out more of its artificial intelligence strategy and announced a bevy of data management tools designed to advance enterprise AI while keeping its data analytics base in the fold.
Snowflake announced Polaris Catalog, an open-source community catalog for Apache Iceberg. The move provides Apache Iceberg interoperability with AWS, Confluent, Dremio, Google Cloud, Microsoft Azure, Salesforce among others.
Snowflake reported a mixed first quarter and said it will acquire technology assets and employees from TruEra, an AI observability platform that can manage evaluate large language models (LLMs).
Snowflake launched Arctic, an open-source large language model (LLM) optimized for enterprise workloads and efficiency. The move highlights how data platforms are increasingly launching LLMs to combine with their data platforms.
Here's a look at what Snowflake CEO Sridhar Ramaswamy had to say on some core themes that'll matter to customers.
A lot of people mistake that he's a technologist and doesn't have operational chops. He ran a very large team at Google," said Snowflake CFO Michael Scarpelli.
Snowflake has a new CEO. The company said Sridhar Ramaswamy will become CEO immediately as Frank Slootman stepped down but remains Chairman of the board.
For fiscal 2024, Snowflake sees product revenue of $2.65 billion, up 37% from a year ago.
Snowflake consolidated its AI and machine learning efforts with Snowflake Cortex, a managed service that provides access to large language models (LLMs), AI models and vector search in one place and includes Snowflake Copilot, Document AI and Universal Search.
