Cloud data analytics company Snowflake has announced a partnership with computing company Nvidia to enable customers across various industries to develop AI models using their own data. The collaboration, revealed at Snowflake Summit 2023, aims to leverage Nvidia’s AI computing platform, NeMo, within the Snowflake Data Cloud.
Traditionally, data was moved to the computer for processing in small data computing. However, with the vast amounts of data that Snowflake manages, as well as its customers’ proprietary data, Nvidia’s approach is to bring the compute to the data. By embedding NeMo into the Snowflake Data Cloud, Nvidia allows customers to train and run generative AI models directly on their data.
The rise of AI-driven applications like ChatGPT has prompted companies to refine their AI strategies. Nvidia, as a key provider of AI hardware, has experienced significant growth and recently reached a trillion-dollar valuation. The collaboration with Snowflake signifies an important milestone, as it enables businesses to leverage their own data to train AI models, gaining a competitive edge while maintaining control over their valuable data.
Frank Slootman, Chairman and CEO of Snowflake, emphasized the significance of data in today’s landscape, stating that “data is eating software,” highlighting the critical role data plays in driving business success. With Snowflake’s data management capabilities, organizations can now utilize their data to train new AI models without compromising data control.
Financial details of the partnership were not disclosed. However, Nvidia anticipates benefiting from increased chip sales and the usage of its Nvidia AI Enterprise software as more customers engage in AI computing.
The collaboration between Nvidia and Snowflake brings AI computing to the cloud, empowering businesses across industries to leverage their data for training AI models and gaining a competitive advantage.
