Snowflake has announced financial results for its second quarter of fiscal 2025, ended July 31, 2024. Revenue for the quarter was $868.8 million, representing 29% year-over-year growth. Product revenue for the quarter was $829.3 million, representing 30% year-over-year growth. Net revenue retention rate was 127% as of July 31, 2024.Read More…
Snowflake has announced that it will host the Llama 3.1 collection of multilingual open source large language models (LLMs) in Snowflake Cortex AI for enterprises to easily harness and build powerful AI applications at scale. This offering includes Meta’s largest and most powerful open source LLM, Llama 3.1 405B, with Snowflake developing andRead More…
Snowflake has achieved the Dubai Electronic Security Centre (DESC) certification, enabling the company to extend its services to all markets within the Emirate of Dubai, including government and semi-government organisations. The DESC certification is crucial for cloud service providers operating in Dubai, ensuring they meet the stringent cybersecurity standards necessaryRead More…
Global technology leader Software AG and Data Cloud company Snowflake recently announced the expansion of their premium partnership to the Middle East at GITEX Global. StreamSets, by Software AG, will now provide improved user productivity through ‘Transformer for Snowflake’, harnessing the power of cloud for Software AG’s Middle East customers.Read More…
Dataiku has unveiled the LLM Mesh, addressing the critical need for an effective, scalable, and secure platform for integrating Large Language Models (LLMs) in the enterprise. In addition, Dataiku is joined in this announcement by its LLM Mesh Launch Partners Snowflake, Pinecone, and AI21 Labs. While Generative AI presents aRead More…
Snowflake has announced its participation at GITEX 2023, the biggest regional tech exhibition taking place at the Dubai World Trade Centre in October 2023. This year, Snowflake’s team at GITEX will address how Snowflake’s platform powers the Data Cloud, supports organisations in securely using generative AI and LLMs, and addressingRead More…
Snowflake has appointed James Petter as VP of EMEA Sales, effective as of July 3, 2023. Petter will be responsible for leading the Snowflake EMEA team to drive business growth, land new customers, and ensure collaboration and innovation across Snowflake’s Data Cloud ecosystem. Petter brings with him over 25 yearsRead More…
Dataiku has announced that it can now run its Everyday AI platform securely in the Data Cloud with Snowpark Container Services (private preview). Snowpark Container Services enable Dataiku to provide an accessible, collaborative, and scalable environment with the Snowflake Data Cloud, unlocking the potential of data, analytics, and AI projects,Read More…
Snowflake has announced an expanded partnership with Microsoft, enabling new product integrations across AI, low code/no code application development, data governance, and more. The two companies will also implement new programs to enhance joint go-to-market strategies and improve field collaboration, bringing joint solutions directly to customers. As part of theRead More…
Tenable has announced at Snowflake’s annual user conference, Snowflake Summit 2023, that it has been named the 2023 Cybersecurity Partner of the Year award winner by Snowflake, the Data Cloud company. Tenable was recognized for its Tenable One Exposure Management Platform. Tenable One, Powered by Snowflake, helps joint customers gain aRead More…
Snowflake and NVIDIA are partnering to provide businesses of all sizes with an accelerated path to create customized generative AI applications using their own proprietary data, all securely within the Snowflake Data Cloud. With the NVIDIA NeMo platform for developing large language models (LLMs) and NVIDIA GPU-accelerated computing, Snowflake will enable enterprisesRead More…
New research commissioned by Snowflake, the Data Cloud company, has found that the worlds’ leading financial firms are increasing their urgency to move towards the cloud in order to strengthen cybersecurity (50.5%), fraud detection (38.6%) and claims management (33.8%). Recent high-profile cyber attacks and financial crime, matched by increased mediaRead More…
