15 AI News Making Waves Right Now

7. Snowflake Inc. (NYSE:SNOW)

Market Capitalization: $42.71 billion

Snowflake Inc. (NYSE:SNOW) is an artificial intelligence cloud data warehouse. It is an important AI stock considering data warehouses are a critical component in making AI useful for enterprises.

Snowflake Inc. (NYSE:SNOW) announced a range of new innovations to accelerate their AI initiatives and develop apps faster, all from within the security and governance boundaries of the AI Data Cloud. Snowflake’s Internal Marketplace, in particular, helps enhance collaboration and sharing within enterprises. Their Native App Framework Integration with Snowpark Container Services speeds up developers’ time-to-value for delivering sophisticated AI-powered apps, while Secure Model Sharing enables enterprises to develop, distribute, and monetize AI models to third parties.

“To keep up with the evolving data and AI landscape, enterprises need instant access to all of the data within their organizations, supplemented with their customers’ and partners’ data, in order to build powerful AI apps at scale for crucial decision-making. That’s where Snowflake’s industry-leading cross-cloud collaboration comes in, enabling organizations to not only access and share their most valuable data, but also apps and AI models, both internally and externally with third-parties. Snowflake’s latest innovations unlock new ways for teams to collaborate on these initiatives and bring AI and apps into production faster, while handling security and governance implications to reduce risk.”

– Prasanna Krishnan, Head of Collaboration and Horizon, Snowflake.