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5. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 71

Snowflake Inc. (NYSE:SNOW) is an artificial intelligence data cloud company.

On November 20, Snowflake Inc. (NYSE:SNOW) announced that it has teamed up with AI firm Anthropic to build up its cloud services. The multi-year partnership will enable enterprises to develop and expand AI tools, apps, and workflows powered by the most advanced AI models. Anthropic will allow its customers to use Snowflake’s large language models to develop and enhance their own AI applications. Using Anthropic’s technology, Snowflake’s AI agents will be able to analyze data, and generate visualizations, amongst other functions.

“Our partnership with Anthropic represents a massive leap forward in expanding on our promise to provide thousands of global customers with easy, efficient, and trusted AI for a holistic set of enterprise use cases. By bringing Anthropic’s industry-leading models to customers’ enterprise data where it already lives, within the security and governance boundaries of the AI Data Cloud, we will unleash new ways for businesses to harness this data for agentic use cases, coding assistants, document chatbots, unstructured data analytics, and more.”

– Christian Kleinerman, EVP of Product, Snowflake.