Top 9 AI News Investors Should Not Miss

3. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 85

Snowflake Inc. (NYSE:SNOW) is a technology company that offers a cloud data warehouse platform that helps users store, analyze, and share data. It also allows users to build AI applications without moving or copying data across different systems. On February 27, the company strengthened its strategic partnership with Microsoft.

The strategic partnership allows the company to deliver OpenAI’s state-of-the-art models to customers in Snowflake Cortex AI. It also represents a significant advancement in the company’s AI capabilities, positioning it to compete in the growing enterprise AI infrastructure market. Likewise, Snowflake remains well-positioned to capture more of the enterprise spending as it offers a unified solution for data storage governance and AI model development.

“We’re expanding our long-standing partnership with Microsoft to deliver the best of OpenAI’s innovations directly to our customers, further advancing our promise to bring easy, efficient, and trusted AI to enterprises around the world. There’s enormous power in our customers being able to use OpenAI models directly in Snowflake’s secure platform, unlocking multimodal, agentic, and conversational AI use cases that drive high impact,” said Christian Kleinerman, EVP of Product, and Snowflake.