[1/4]Snowflake Chairman and CEO Frank Slootman presented NVIDIA CEO Jensen Huang with a snowboard at the Snowflake Summit 2023 in Las Vegas, Nevada, USA on June 26, 2023. Provided by Snowflake/handout provided by REUTERS
OAKLAND, Calif., June 26 (Reuters) – Cloud data analytics company Snowflake (SNOW.N) has partnered with computing firm Nvidia (NVDA.O) to help customers ranging from financial institutions to healthcare to retail Enable AI models to be built using your own services. own data.
The two companies announced their partnership on Monday at the Snowflake Summit 2023.
“In the old days of small data computing, you moved data to computers,” Nvidia CEO Jensen Huang told Reuters. “But when you have a huge amount of data like Snowflake, or a mountain of unique data that is very valuable to the enterprise, you move the computing to the data.”
In this case, Nvidia is taking a “pretty engineering-intensive” move to incorporate the NeMo platform for training and running generative AI models into the Snowflake Data Cloud, Huang said.
The partnership comes after chatbot ChatGPT has inspired many companies to discover AI strategies and helped propel Nvidia, a leading AI hardware provider, into a trillion-dollar company.
“This is important. This is the last mile we’ve been waiting for for 40 years,” said Snowflake chairman and CEO Frank Slotman. “Every industry is grappling with this,” he said of the importance of data today. “It used to be said that software was eating the world. Now data is eating software.”
Slootman said companies using Snowflake to manage their data will be able to use their data to train new AI models and gain business advantage without risking losing control. said.
Financial details of the partnership were not disclosed, but Huang said Nvidia would benefit from more customers using computing for AI work.
“We sell more chips and we have an operating system for AI called Nvidia AI Enterprise, and that operating system allows our chips to process AI,” Huang said. said Mr. Nvidia charges customers for their use of Nvidia AI Enterprise software.
Reporting by Jane Lanhee Lee Editing by Nick Zieminski
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