Snowflake adds new AI services while continuing to build relationships with key model providers
In the era of artificial intelligence, some companies have struggled to adopt artificial intelligence and others have pivoted to an AI framework that has yielded positive results. Snowflake Inc. this week confirmed it’s firmly in the latter category.
The cloud data platform giant took what amounted to a victory lap during its annual Snowflake Summit conference in San Francisco this week following a quarterly earnings report that saw the company increase revenue 33% from a year ago — and its stock follow suit. In his keynote remarks on Monday, Chief Executive Sridhar Ramaswamy (pictured) offered a succinct explanation for his company’s recent success.
“The model is not your unique advantage. Why? Because your competitor has that model too,” Ramaswamy said. “It’s when you combine models with your data that things begin to shine.”
Framework for interoperable data
