15 AI News You Must Read Today

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10. Snowflake Inc. (NYSE:SNOW)

Market Capitalization: $41.40 billion

Snowflake Inc. (NYSE:SNOW) is a cloud-native platform that develops database architecture, data warehouses, query optimization, and parallelization solutions. It enables businesses to build, manage, and scale AI and machine learning applications.

On November 12, Snowflake Inc. (NYSE:SNOW) announced new developments to the Snowflake Platform, the company’s market-leading platform that allows users to store, analyze, and manage large volumes of data. Announced at the annual developer conference, BUILD 2024, the advancements will help enterprises simplify data management and enhance artificial intelligence capabilities. Some of its latest offerings include the Snowflake Open Catalog, which allows users to adapt to organizational needs by integrating new engines, the general availability of Document AI to help businesses extract insights from documents using natural language processing, and new security features in the Snowflake Horizon Catalog.

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