Snowflake Partners with Anthropic, Integrates Claude 3.5 to Boost AI Capabilities in Cortex AI
November 20, 2024The integration will enable businesses to perform ad-hoc analytics, generate visualizations, and execute complex workflows, all while maintaining compliance and security through Snowflake's governance features.
In addition to the partnership with Anthropic, Snowflake recently acquired Datavolo, a startup specializing in data pipeline management, to enhance its data integration technology.
This partnership is part of Snowflake's broader commitment to making enterprise data more accessible and useful through advanced AI technology.
Snowflake has announced a strategic partnership with Anthropic to integrate its Claude 3.5 models into Snowflake Cortex AI, enhancing the platform's AI capabilities.
Michael Gerstenhaber, Anthropic's VP of Product, emphasized that this collaboration aims to make advanced AI tools accessible while ensuring security and reliability within data environments.
Despite these advancements, industry analysts note that Snowflake still lags behind competitors like Databricks and Google in terms of AI capabilities.
Snowflake serves over 10,000 organizations globally, providing a robust platform for deploying secure AI solutions.
This acquisition is expected to strengthen Snowflake's public sector business, as Datavolo's technology is already utilized by federal agencies.
Datavolo's technology automates data flows between corporate data sources, streamlining processes for data extraction, cleansing, transformation, and enrichment.
Snowflake's third quarter earnings report showed a revenue of $942.1 million, a significant increase from the previous year, and it projects continued growth into the next fiscal year.
Since the appointment of CEO Sridhar Ramaswamy in February 2024, Snowflake has shifted its focus towards AI innovation, launching several new AI tools and partnerships.
The collaboration with Anthropic positions Snowflake favorably against competitors in the rapidly growing AI infrastructure market, highlighting the importance of expanding partnerships with various AI developers.
Summary based on 17 sources
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Sources
Yahoo Finance • Nov 20, 2024
Snowflake and Anthropic Team Up to Bring Claude Models Directly to the AI Data CloudVentureBeat • Nov 20, 2024
Snowflake beats Databricks to integrating Claude 3.5 directlyTechTarget • Nov 20, 2024
Snowflake partners with Anthropic to improve AI development