15 AI News Shaping Wall Street Today

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8. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 71

Snowflake Inc. (NYSE:SNOW) is an artificial intelligence data cloud company that leverages AI and machine-learning capabilities into its platform, allowing customers to create generative AI applications and build large language models.

On November 19, Snowflake Inc. (NYSE:SNOW) announced at the Microsoft Ignite conference that it is expanding its partnership with Microsoft to launch a new connector for Microsoft Power Platform. The connector will enable two-way access between Dataverse, the enterprise data platform for agents, and Snowflake’s AI Data Cloud. By simplifying data interoperability between Microsoft Power Platform, Microsoft’s low-code/no-code services suite, Dynamics 365, and the Snowflake AI Data Cloud, the connector will be able to offer developers and business users the ability to build and leverage custom enterprise AI applications using their enterprise data in Snowflake. Ultimately, customers will be able to simplify data collaboration, enhance enterprise insights, and leverage the power of AI for individual business needs.

“Snowflake and Microsoft have a shared vision, rooted in collaboration, to help customers gain deeper data-driven insights and break down data silos as effectively as possible. In the age of AI, this shared vision has taken on even greater meaning, and through our bidirectional data access integration, we’re giving developers and business users the tools they need to build powerful AI applications without the need to move or copy data – improving both collaboration and productivity. Today’s announcement deepens our partnership with Microsoft, and we look forward to continuing to innovate together in service of our customers.”

– Christian Kleinerman, EVP of Product, Snowflake.

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