![]() They created the Data Cloud a global network where thousands of organizations mobilize data with near-unlimited scale, concurrency, and performance. Meet Andriely - High school senior who is working with Snowflake to open doors for the next generation of professionals and startups in technology. (Update: Snowflake signed a letter of intent to acquire Neeva, The Information reported May 18. Corporate Overview Snowflake’s founders started from scratch and built a solution that would harness the immense power available in the public cloud. Snowflake is trying to catch up to rivals such as Microsoft’s Azure and Google Cloud that already sell access to such AI software. ![]() 178.5 million as expected by analysts, according to Refinitiv. That could fit with Snowflake’s efforts to help cloud customers use the kind of AI popularized by chatbots like ChatGPT that respond to conversational commands and can automate some business tasks. Snowflake is a Montana-based cloud-enabled data warehouse company that provides services including data storage and analytics for businesses. Here’s how the company did: Earnings: Loss of 70 cents per share. If you experience any issues with this process, please contact us for further assistance. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. ![]() Neeva primarily sells an ad-free web-search app for consumers, but it developed software that combines search with large-language models, which are trained on text to understand the nuances of speech and writing. Snowflake’s CEO, Frank Slootman, was the CEO of ServiceNow (NYSE: NOW) from 2011 to 2017 and grew that company’s top line to 1.4 billion of annual revenue from 100 million. At Snowflake, we promise to treat your data with respect and will not share your information with any third party. Buying Neeva could help Snowflake offer artificial intelligence software that helps companies search for information in internal documents and data, according to people who do business with Snowflake. Database software provider Snowflake has been in advanced talks to acquire Neeva, a search startup founded by former top Google ad tech executive Sridhar Ramaswamy, according to a person with direct knowledge of the discussions. The company is introducing the Snowpark Container Services along with the ability to run containerized applications on top of Nvidia GPUs, all without moving any data outside of Snowflake. ![]()
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