SNOWFLAKE ONGOING INVESTIGATION NOTICE: Scott+Scott Attorneys at Law LLP Investigates Snowflake Inc.’s Directors and Officers for Breach of Fiduciary Duties – SNOW
Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the leadership of Snowflake Inc. (“Snowflake”) (NYSE:
SNOW) breached their fiduciary duties to Snowflake and its shareholders.
Snowflake and Anthropic Team Up to Bring Claude Models Directly to the AI Data Cloud
Snowflake (NYSE:
SNOW), the AI Data Cloud company, and Anthropic, an AI safety and research company, today announced a strategic multi-year partnership that will enable global enterprises to develop and scale easy, efficient, and trusted AI products, apps, and workflows powered by the latest state-of-the-art models. Anthropic’s newest Claude 3.5 models will be available for users to securely leverage within Snowflake Cortex AI, Snowflake’s fully managed AI service that provides a suite of generative AI features, on Amazon Web Services (AWS). In addition, Snowflake’s agentic AI products, including Snowflake Intelligence and Cortex Analyst, will leverage Claude as one of the key large language models (LLMs) powering these experiences.
Snowflake Agrees to Acquire Open Data Integration Platform, Datavolo
Snowflake (NYSE:
SNOW), the AI Data Cloud company, today announced it has signed a definitive agreement to acquire Datavolo, the company built to rapidly accelerate the creation, management, and observability of multimodal data pipelines for enterprise AI1. With this acquisition, Snowflake will deepen its service in the ‘bronze layer’ of the data lifecycle and will deliver a simple way for data engineering teams to integrate all of their enterprise systems with Snowflake’s unified platform, where they can then unlock data for AI and ML, apps and analytics, and leverage the scale, performance, and built-in governance of the AI Data Cloud. Together, Datavolo and Snowflake will both simplify data engineering workloads and deliver unmatched data interoperability and extensibility - a building block for effective enterprise AI.
Snowflake Reports Financial Results for the Third Quarter of Fiscal 2025
Snowflake (NYSE:
SNOW), the AI Data Cloud company, today announced financial results for its third quarter of fiscal 2025, ended October 31, 2024.
SNOWFLAKE ONGOING INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Snowflake Inc.’s Directors and Officers for Breach of Fiduciary Duties – SNOW
Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the leadership of Snowflake Inc. (“Snowflake”) (NYSE:
SNOW) breached their fiduciary duties to Snowflake and its shareholders.
Snowflake and Microsoft Simplify AI App Development and Data Collaboration with Connector for Microsoft Power Platform and Microsoft Dynamics 365
Snowflake (NYSE:
SNOW), the AI Data Cloud company, today announced at Microsoft Ignite an expanded partnership with Microsoft to establish a new Snowflake Power Platform connector for Microsoft Power Platform, enabling bidirectional access between Dataverse, the enterprise data platform for agents, and Snowflake’s AI Data Cloud. The connector simplifies data interoperability between Microsoft Power Platform, Microsoft’s low-code/no-code services suite, Dynamics 365, and the Snowflake AI Data Cloud, giving developers and business users the power to build and leverage custom enterprise AI applications using their enterprise data in Snowflake. With this latest integration, Snowflake and Microsoft will help customers simplify data collaboration, enhance enterprise insights, and harness the power of AI for their unique business needs.
Snowflake Strengthens Leadership in Cross-Cloud Collaboration for Enterprise Data and AI
Snowflake (NYSE:
SNOW), the AI Data Cloud company, today announced at its annual developer conference, BUILD 2024, new innovations that make it easy and secure for teams to find, evaluate, and share data, AI models, and apps internally, and with external partners and customers. Through Snowflake’s leading cross-cloud collaboration capabilities, users can now accelerate their AI initiatives with direct access to Snowflake's expansive ecosystem of enterprise data and AI products, while speeding up app development for end users — all from within the security and governance boundaries of the AI Data Cloud.
Snowflake Expands Capabilities for Enterprises to Deliver Trustworthy AI into Production
Snowflake (NYSE:
SNOW), the AI Data Cloud company, today announced at its annual developer conference, BUILD 2024, new advancements that accelerate the path for organizations to deliver easy, efficient, and trusted AI into production with their enterprise data. With Snowflake’s latest innovations, developers can effortlessly build conversational apps for structured and unstructured data with high accuracy, efficiently run batch large language model (LLM) inference for natural language processing (NLP) pipelines, and train custom models with GPU-powered containers — all with built-in governance, access controls, observability, and safety guardrails to help ensure AI security and trust remain at the forefront.
Snowflake Advances Industry-Leading Platform to Help Enterprises Bring Simplicity to Data and AI
Snowflake (NYSE:
SNOW), the AI Data Cloud company, today announced at its annual developer conference, BUILD 2024, new advancements to its market-leading platform that enable enterprises to cut through their data and AI chaos to accelerate value. Today, Snowflake serves as a leading platform for enterprise data lake, data warehouse, data lakehouse, and data mesh architectures — delivering a unified, fully managed service that eliminates complexity and maintenance for users.
Snowflake’s Unistore Unifies Transactional and Analytical Data with the General Availability of Hybrid Tables
Snowflake (NYSE:
SNOW), the AI Data Cloud company, today announced at its annual developer conference, BUILD 2024, a modern approach to bring transactional and analytical data together in a single, unified platform with Unistore. Unistore is powered by Hybrid Tables (now generally available on AWS), a table type that enables fast, high-concurrency point operations to support transactional workloads. With Unistore, customers can further simplify their data architectures, while ensuring consistent security and governance across their data.
Snowflake Unveils Snowflake Intelligence: The Future of Data Agents for Enterprise AI
Snowflake (NYSE:
SNOW), the AI Data Cloud company, today announced at its annual developer conference, BUILD 2024, Snowflake Intelligence (in private preview soon), a new platform that will enable enterprises to easily ask business questions across their enterprise data to unlock data-driven answers, and in just a few steps, create data agents that take action on those insights.
Snowflake to Present at Upcoming Investor Conference
Snowflake (NYSE:
SNOW), the Data Cloud company, will attend the UBS Global Technology and AI Conference. Chief Executive Officer, Sridhar Ramaswamy will present at the conference on Tuesday, December 3rd at 2:55 PM Mountain Time.
Empower 2024 Delivers Groundbreaking Insights and Innovation to Achieve Data-Driven HealthcareInovalon Unveils New Research, Products, and Solutions to Tackle Healthcare’s Most Complex Challenges
Snowflake to Announce Financial Results for the Third Quarter of Fiscal 2025 on November 20, 2024
Snowflake (NYSE:
SNOW), the AI Data Cloud company, today announced it will release its financial results for the third quarter of fiscal year 2025, which ends October 31, 2024, following the close of the U.S. markets on Wednesday, November 20, 2024. Snowflake will host a conference call to discuss the financial results.
ServiceNow and Snowflake Partner on Zero Copy Integration, Connecting Enterprise-Wide Data to Help Solve Mission-Critical Problems at Scale
ServiceNow (NYSE:
NOW), the AI platform for business transformation, and Snowflake (NYSE:
SNOW), the AI Data Cloud company, today announced a Zero Copy partnership that connects enterprise-wide data to help solve mission-critical problems at scale. The Zero Copy integration will leverage Snowflake’s powerful enterprise AI platform to allow customers to trigger ServiceNow workflows directly from Snowflake. It will also support integrated, bi-directional Zero Copy data sharing between Snowflake and ServiceNow. By linking data-rich insights with operational actions, customers can increase decision speed and enterprise agility without the need to move data. Snowflake is already powering AI and data experiences for several hundred businesses across financial services, media, public sector, retail and telecom with the Snowflake Connector and will continue to expand on this customer value with the ServiceNow Spoke integration that is coming soon. This Zero Copy partnership will also extend this platform integration, which will further customers' ability to connect, understand, and leverage enterprise data assets for deeper business value.
Global Cloud Storage Market Expected to Reach $234 Billion By 2028 as Tech Stocks Chase Big Opportunities in Big DataPALM BEACH, Fla., Oct. 23, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The cloud storage market is witnessing significant growth due to the expanding realms of IoT and big data. Cloud storage services offer an agile, flexible, and scalable model for data storage on the Internet, managed and operated by service providers. This model provides enterprises with advantages such as rapid deployment, scalability, reduced CAPEX, and uninterrupted business continuity. A report from MarketsAndMarkets projected that the global Cloud Storage Market size is expected to grow to USD $234.9 Billion by 2028 at a Compound Annual Growth Rate (CAGR) of 18.8% during the forecast period. The report said: “The rising investments by governments and investors in tailored Cloud Storage solutions offerings along with the increasing need for flexible, scalable, efficient storage and disaster recovery, backup solutions and services, are expected to drive the market growth. The demand across enterprises worldwide for Cloud Storage solutions in a shift to cloud-based technologies from on premises is expected to drive the market growth. Surge in demand to provide remote work force with omnipresent access to data and files has been a key driving factor to foster market adoption largely.” Active tech companies in the markets this week include: Scope Carbon Corp. (OTCQB: SCPCF) (CSE: SCPE), Oracle Corporation (NYSE:
ORCL), Snowflake (NYSE:
SNOW), NVIDIA Corporation (NASDAQ:
NVDA), Advanced Micro Devices, Inc. (NASDAQ:
AMD).
Should Warren Buffett’s Favorite Stock be Yours Too?Since becoming CEO of BRK.B in 1965, Warren Buffett has delivered nearly 20% compounded annual returns, consistently outperforming the broader market.
Zeta Global’s AI Cloud: Your Secret Weapon for Massive GrowthZeta Global Holdings Co. (NYSE:
ZETA) is a data-driven marketing technology company that provides AI-powered customer intelligence.
Snowflake Prices Private Placement of $2.0 Billion of Convertible Senior Notes
Snowflake Inc. (NYSE:
SNOW) (“Snowflake”), the AI Data Cloud Company, today announced the pricing of $1.0 billion aggregate principal amount of its 0% Convertible Senior Notes due 2027 (the “2027 notes”) and $1.0 billion aggregate principal amount of its 0% Convertible Senior Notes due 2029 (the “2029 notes,” and together with the 2027 notes, the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).
Snowflake’s AI Data Cloud for Travel and Hospitality Drives AI Innovation, Enhances Collaboration, and Transforms Customer Experiences
Snowflake (NYSE:
SNOW), the AI Data Cloud company, today announced the launch of the AI Data Cloud for Travel and Hospitality, uniting Snowflake's data platform, AI capabilities, and industry-specific solutions to deliver best-in-class data insights for the travel and hospitality industry. Snowflake empowers airlines, hotels, cruise lines, and travel technology providers to harness data and artificial intelligence to improve operations and power five-star customer experiences across the sector.
Snowflake Announces Proposed Private Placement of $2.0 Billion of Convertible Senior Notes
Snowflake Inc. (NYSE:
SNOW) (“Snowflake”), the AI Data Cloud Company, today announced that it intends to offer, subject to market conditions and other factors, $1.0 billion aggregate principal amount of its Convertible Senior Notes due 2027 (the “2027 notes”) and $1.0 billion aggregate principal amount of its Convertible Senior Notes due 2029 (the “2029 notes,” and together with the 2027 notes, the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Snowflake also intends to grant the initial purchasers of the notes options to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $150.0 million aggregate principal amount of the 2027 notes and up to an additional $150.0 million aggregate principal amount of the 2029 notes.
MarketBeat Week in Review – 8/26 - 8/30The major indexes moved between gains and losses to end the month, but the volatility may ramp back up with the release of the jobs report next Friday
Snowflake’s Risk/Reward Profile Is Too Good To MissWith the Fed saying it’s time to start cutting rates and with the S&P 500 less than 1% away from a fresh record, is now the time to be brave with Snowflake?
Snowflake to Present at Upcoming Investor Conference
Snowflake (NYSE:
SNOW), the AI Data Cloud company, will attend the Goldman Sachs Communacopia + Technology Conference. Chief Financial Officer Mike Scarpelli will present at the conference on Thursday, September 12th, at 9:30 a.m. PT.