10 AI Headlines You Shouldn’t Miss

8. Snowflake Inc. (NYSE:SNOW)

Market Capitalization: $41.40 billion

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

On November 12, Snowflake Inc. (NYSE:SNOW) announced the latest innovations that make it easier for enterprises to develop and deploy artificial intelligence solutions. Announced at the BUILD 2024 conference, the updates will streamline “reliable” app development for enterprises, optimize natural language processing timelines, and accelerate machine learning using GPU-powered containers. These advancements are driven by the need for reliable and trustworthy AI that in turn leads to effective decision-making in organizations.

“For enterprises, AI hallucinations are simply unacceptable. Today’s organizations require accurate, trustworthy AI in order to drive effective decision-making, and this starts with access to high-quality data from diverse sources to power AI models. The latest innovations to Snowflake Cortex AI and Snowflake ML enable data teams and developers to accelerate the path to delivering trusted AI with their enterprise data, so they can build chatbots faster, improve the cost and performance of their AI initiatives, and accelerate ML development”.

– Baris Gultekin, Head of AI, Snowflake Inc. (NYSE:SNOW).