10 AI News Investors Should Not Miss

5. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 71

Snowflake Inc. (NYSE:SNOW) is an enterprise software giant and an AI Data Cloud company. On December 4, Cloudera, an American data lake software company, revealed on its website that enterprises can leverage the combination of Cloudera and Snowflake- allowing users a single, reliable source for managing data and insights. Moreover, new integrations with AWS allow customers to connect their workloads with Snowflake, Cloudera, and unique AWS services such as Amazon Simple Storage Service (Amazon S3) and Amazon Elastic Kubernetes Service (Amazon EKS), among others.

Customers will be able to leverage Cloudera’s data lakehouse capabilities alongside Snowflake’s AI Data Cloud, achieve enhanced AI/ML performance, maximize cloud investments, support multi-cloud strategies, and achieve scalable and secure data management.

“We’re thrilled to be working alongside AWS and Snowflake to deliver a unique alignment amongst three powerful companies. The positive feedback from our customers affirms we’re delivering meaningful impact”.

-Michelle Hoover, SVP Global Alliances & Channels of Cloudera.