Snowflake Inc's new CEO, Sridhar Ramaswamy, is focusing on AI acquisitions to compete with rivals like Databricks and major cloud companies. Despite failing to purchase Reka AI, Snowflake is integrating AI talent, including 35 employees from TruEra. Ramaswamy aims to boost revenue growth through strategic AI investments, crucial as sales growth slows.
Snowflake, Inc. shares are trading lower Wednesday. RBC Capital analyst Matthew Hedberg maintained Snowflake with an Outperform rating and lowered the price target from $226 to $183.
New offering helps companies uncover complete customer insights without any data leaving the AI Data CloudToday at Snowflake Data Cloud Summit 2024, Amplitude, Inc. (NASDAQ:AMPL) announced the general availability of its
New innovations including Snowflake Notebooks, Snowflake Trail, DevOps tools, and more accelerate end-to-end development for builders, all from Snowflake's unified platformSnowflake (NYSE:SNOW), the AI Data Cloud
https://www.cnbc.com/2024/06/04/databricks-is-buying-data-optimization-startup-tabular.htmlDatabricks is buying Tabular, a small startup that helps companies optimize data they store in the cloud with the Apache Iceberg
Snowflake partners with NVIDIA to enable building customized AI apps on Snowflake's Cortex AI with NVIDIA AI Enterprise software and NeMo Retriever microservices.