STOCK TITAN

Snowflake Teams with NVIDIA to Deliver Full-Stack AI Platform for Customers to Transform Their Industries

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
AI
Rhea-AI Summary
Snowflake collaborates with NVIDIA to enhance AI productivity in the Data Cloud, offering secure and scalable AI platforms for enterprise customers across various industries.
Positive
  • None.
Negative
  • None.

Snowflake Cortex to support NVIDIA models to accelerate AI productivity in the Data Cloud

SAN JOSE, Calif.--(BUSINESS WIRE)-- Snowflake (NYSE: SNOW), the Data Cloud Company, today announced at NVIDIA GTC an expanded collaboration with NVIDIA that further empowers enterprise customers with an AI platform, bringing together the full-stack NVIDIA accelerated platform with the trusted data foundation and secure AI of Snowflake’s Data Cloud. Together, Snowflake and NVIDIA deliver a secure and formidable combination of infrastructure and compute capabilities designed to unlock and accelerate AI productivity and fuel business transformations across every industry.

Snowflake Teams with NVIDIA to Deliver Full-Stack AI Platform for Customers to Transform Their Industries (Graphic: Business Wire)

Snowflake Teams with NVIDIA to Deliver Full-Stack AI Platform for Customers to Transform Their Industries (Graphic: Business Wire)

“Data is the fuel for AI, making it essential to establishing an effective AI strategy,” said Sridhar Ramaswamy, Snowflake CEO. “Our partnership with NVIDIA is delivering a secure, scalable and easy-to-use platform for trusted enterprise data. And we take the complexity out of AI, empowering users of all types, regardless of their technical expertise, to quickly and easily realize the benefits of AI.”

“Enterprise data is the foundation for custom AI applications that can generate intelligence and reveal new insights,” said Jensen Huang, founder and CEO of NVIDIA. “Bringing NVIDIA accelerated computing and software to Snowflake’s data platform can turbocharge enterprise AI adoption by helping customers build, deploy and manage secure generative AI applications.”

Expanding on Snowflake and NVIDIA’s previously announced NVIDIA NeMointegration, Snowflake customers will soon be able to utilize NVIDIA NeMo Retriever directly on their proprietary data in the Data Cloud, all while maintaining data security, privacy, and governance seamlessly through Snowflake’s built-in capabilities.

NeMo Retriever enhances performance and scalability of chatbot applications and can accelerate time to value for the 400+ enterprises1 already building AI applications with Snowflake Cortex (some features may be in preview), Snowflake's fully managed large language model (LLM) and vector search service. The expanded collaboration will also include the availability of NVIDIA TensorRT™ software to deliver low latency and high throughput for deep learning inference applications to enhance LLM-based search capabilities.

NVIDIA accelerated compute powers several of Snowflake’s AI products, including Snowpark Container Services, as well as:

  • Snowflake Cortex LLM Functions (public preview): With Snowflake Cortex LLM Functions, users with SQL skills can leverage smaller LLMs to cost-effectively address specific tasks, including sentiment analysis, translation, and summarization in seconds. More advanced use cases include the development of AI applications in minutes using performant models from Mistral AI, Meta and more.
  • Snowflake Copilot (private preview): Snowflake’s LLM-powered assistant, Snowflake Copilot, brings generative AI to everyday Snowflake coding tasks with natural language. Users can ask questions of their data in plain text, write SQL queries against relevant data sets, refine queries and filter down insights, and more.
  • Document AI (private preview): Document AI helps enterprises use LLMs to easily extract content like invoice amounts or contractual terms from documents and fine-tune results using a visual interface and natural language. Customers use Document AI to help their teams reduce manual errors and increase efficiencies with automated document processing.

Learn More:

About Snowflake

Snowflake enables every organization to mobilize their data with Snowflake’s Data Cloud. Customers use the Data Cloud to unite siloed data, discover and securely share data, power data applications, and execute diverse AI/ML and analytic workloads. Wherever data or users live, Snowflake delivers a single data experience that spans multiple clouds and geographies. Thousands of customers across many industries, including 691 of the 2023 Forbes Global 2000 (G2K) as of January 31, 2024, use Snowflake Data Cloud to power their businesses. Learn more at snowflake.com.

____________________

1 For capacity customers as of March 18, 2024

Tom Hannigan

Partner PR Lead, Snowflake

press@snowflake.com

Source: Snowflake Inc.

FAQ

What collaboration has Snowflake announced with NVIDIA?

Snowflake has announced an expanded collaboration with NVIDIA to empower enterprise customers with an AI platform.

What benefits does the collaboration between Snowflake and NVIDIA offer?

The collaboration offers a secure and formidable combination of infrastructure and compute capabilities designed to accelerate AI productivity and fuel business transformations.

What is Snowflake Cortex?

Snowflake Cortex is a fully managed large language model (LLM) and vector search service.

What is NeMo Retriever?

NeMo Retriever is a tool that enhances performance and scalability of chatbot applications and accelerates time to value for enterprises building AI applications with Snowflake Cortex.

What software will be available to enhance LLM-based search capabilities?

NVIDIA TensorRT software will be available to deliver low latency and high throughput for deep learning inference applications.

Snowflake Inc.

NYSE:SNOW

SNOW Rankings

SNOW Latest News

SNOW Stock Data

54.82B
314.78M
4.58%
61.43%
3.51%
Software - Application
Services-prepackaged Software
Link
United States of America
BOZEMAN