10 AI Headlines Making Waves Today

6. Snowflake Inc. (NYSE:SNOW)

Market Capitalization: $42.05 billion

Snowflake Inc. (NYSE:SNOW) is an AI data cloud company. This cloud-based data storage company is benefiting from the AI boom as data warehouses are a critical component in making AI useful for enterprises.

On November 12, Snowflake Inc. (NYSE:SNOW) announced a new platform at its annual developer conference, BUILD 2024. The new platform, Snowflake Intelligence, will allow enterprises to ask business questions across their enterprise data, unlock data-driven answers, and create data agents accordingly. The platform will provide enterprise-grade data agents that can help derive relevant business insights from the data, hosted within their data cloud instance and beyond. These insights can then be used to take action across different tools and applications, like Google Workspace.

“With Snowflake Intelligence, teams can easily create data agents that allow business users to talk to their enterprise data using natural language, and then analyze, summarize, and take action on those results from one unified platform. Snowflake Intelligence represents the next step in Snowflake’s AI journey, further enabling teams to easily, and safely, advance their businesses with data-driven insights they can act on to deliver measurable impact.”

– Baris Gultekin, Head of AI, Snowflake