Cloud data analytics provider Snowflake has partnered with computer manufacturer Nvidia to enable customers, including financial institutions, healthcare providers, and retailers, to create AI models using their own data.
The cooperation was declared by the two businesses on Monday at Snowflake Summit 2023.
“In the old days, in small data computing, you moved data to the computer,” said Jensen Huang, chief executive of Nvidia, to reporters. Nevertheless, “you move the compute to the data when you have enormous amounts of data like Snowflake does, and the pile of proprietary data… data that’s so valuable to a company.”
By integrating its NeMo platform for building and executing generative AI models into the Snowflake Data Cloud, Nvidia is making a “fairly engineering intensive” decision in this situation, according to Huang.
The agreement comes at a time when ChatGPT, a chatbot, has compelled numerous businesses to develop their AI strategies and has helped Nvidia, which supplies the primary hardware for AI, reach the trillion-dollar mark.
This is important. We’ve been waiting for this final stretch for forty years, according to Snowflake’s chairman and CEO Frank Slootman. “This is a topic in every industry. The world is being eaten by software, as the saying goes. In regards to the significance of data nowadays, he observed, “Well, data is now eating software.
Although the partnership’s financial terms were not made public, Huang claimed that Nvidia will gain as more clients use computing for AI work.
“We sell more chips, and Nvidia AI Enterprise is our AI operating system. Furthermore, that operating system enables our chips to process AI, according to Huang. Customers must pay Nvidia to use its Nvidia AI Enterprise software.
