SAN FRANCISCO, June 05, 2024 (GLOBE NEWSWIRE) -- Qlik®, a global leader in data integration, analytics, and artificial intelligence (AI), today announced at Snowflake Data Cloud Summit 2024 expanded capabilities with the Snowflake Data Cloud through its adoption of Snowflake Cortex AI. This strategic development enriches Qlik's capabilities, leveraging Cortex AI functions, including vectoring, embedding, and completions within the RAG architecture. Announced during Snowflake Data Cloud Summit 2024, this col ...

REDWOOD CITY, Calif., June 04, 2024 (GLOBE NEWSWIRE) -- Alation Inc., the data intelligence company, today announced at Snowflake’s annual user conference, Snowflake Data Cloud Summit 2024, a deepened integration with Snowflake Horizon to increase data quality and deliver AI-ready data for organizations. Alation’s Open Data Quality Framework, now supports integration with Snowflake Horizon, enabling organizations to proactively detect and address data quality issues before they impact business or data opera ...

SAN FRANCISCO, June 04, 2024 (GLOBE NEWSWIRE) -- Coalesce, the data transformation company, announced the launch of its new Coalesce Marketplace at Snowflake’s annual user conference, Snowflake Summit 24. Currently available in private preview, Coalesce Marketplace offers over 30 certified, ready-to-use code collections, known as Packages, to expedite the development and delivery of Snowflake data projects. "Data teams now have a faster way to build complex data objects on Snowflake in a standardized way,” ...

SAN FRANCISCO, June 04, 2024 (GLOBE NEWSWIRE) -- RelationalAI, the knowledge graph coprocessor for the Snowflake AI Data Cloud, today announced at Snowflake Data Cloud Summit 2024, the public availability of its Snowflake Native App on Snowflake Marketplace. Built with the Snowflake Native App Framework and Snowpark Container Services, RelationalAI enables customers to combine knowledge graphs with GenAI to get more value from their data and make better decisions. For decades, organizations have sought meth ...

Snowflake (SNOW) recently announced a new partnership with NVIDIA (NVDA) that will help customers and partners build customized AI data applications in its platform powered by NVIDIA AI.Snowflake has adopted NVIDIA AI Enterprise software to integrate NeMo Retriever microservices into Snowflake Cortex AI, its fully managed large language model (LLM) and vector search service. The integration will help enterprises to smoothly connect custom models to diverse business data and deliver highly accurate responses ...

Ali Ghodsi, co-founder and CEO of Databricks, speaks at the company's Spark and AI Summit in San Francisco in April 2019.Data analytics software maker Databricks said in a statement on Tuesday that it's acquiring Tabular, a startup that helps optimize data stored in the cloud.The gesture could help Databricks more quickly bring out products as it faces competition from Snowflake and other entities.The price wasn't immediately known but The Wall Street Journal reported Tuesday that Databricks is paying betwe ...

Wall Street sees only modest upside in Nvidia, but analysts are projecting significant gains for Snowflake shareholders.The S&P 500 (^GSPC 0.11%) has advanced 11% year to date, and Nvidia (NVDA 4.89%) alone is responsible for one-third of those gains. The chipmaker has seen its share price surge 121% since January due to strong demand for data-center compute and networking products, especially those related to artificial intelligence.However, Wall Street expects Nvidia to lose momentum over the next year. T ...

Sundry Photography Since I last wrote about the data platform Snowflake (NYSE: SNOW) with a buy recommendation on March 4, 2024, it has been a downhill ride. The stock is down 23.46% compared to the S&P 500 Index (SPX), down 2.86% over the same period. When the company released its first quarter fiscal year ("FY") 2025 earnings report on May 22, 2024, it mostly added to the sour investor sentiment surrounding the company. The market was disappointed that the company missed analysts' non-GAAP (Generally ...

It's not enough just to spot the big trends because those trends won't benefit all businesses equally.Imagine a glob of wet cement and a stick of butter sitting side by side in the middle of the street on a hot summer day in Florida. Both objects are experiencing the exact same thing -- intense heat -- but how they respond to their environment couldn't be more different. The cement hardens. The butter melts.Investing can be like that too, sometimes. Businesses can lean into the exact same secular tailwinds ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39504 SNOWFLAKE INC. (Exact name of registrant as specified in its charter) Delaware 46-0636374 (State or oth ...