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Snowflake announces collaborations with AI/ML companies at Snowflake Data Cloud Summit 2024
Machine Learning Infrastructure
Jun 4, 2024
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Machine Learning Infrastructure

Machine Learning Infrastructure

Jun 4, 2024

Snowflake announces collaborations with AI/ML companies at Snowflake Data Cloud Summit 2024

Partnerships

  • Snowflake, a cloud-based data and AI infrastructure company, announced collaborations with multiple AI companies at the Snowflake Data Cloud Summit 2024 to provide AI/ML development capabilities to its customers through the Snowflake Marketplace.

  • The company partnered with Mindtech, a synthetic data generation platform, to launch its synthetic data training packs on Snowflake Marketplace. This allows joint customers to leverage synthetic data document packs to train AI vision systems faster and more accurately for specific use cases.

  • It also partnered with Tonic.ai, another synthetic data generation platform, to launch the Tonic Textual Native App in the Snowflake Marketplace. The app provides seamless and secure data redaction, tokenization, and synthesis of unstructured free-text data natively within joint customers’ Snowflake accounts.

  • In addition, it collaborated with Kumo AI, an AI/ML model development platform, to launch Kumo as a Snowflake Native App in the Snowflake Marketplace in a private preview. The app can be paid for with Snowflake Capacity commitment for eligible customers. It is built using the Snowflake Native App Framework, enabling data scientists to develop predictive models.

  • Analyst QuickTake: Snowflake’s CEO announced that these collaborations are part of the company's strategic plan to stay competitive in the data and AI infrastructure space by enhancing its capabilities. The company is also actively seeking acquisitions and hiring new AI talent. Additionally, it released its own LLM, Arctic , in April 2024, designed for generating database code.

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