NASDAQ value NVIDIA shares: NVIDIA presents joint AI solution with Snowflake – development of own AI tools possible

NVIDIA is considered one of the big players in the AI ​​industry. The chip group has now announced a cooperation with the cloud provider Snowflake, which should enable users to create their own AI solutions – a concept reminiscent of Microsoft’s Azure AI Studio.

• AI Crown for NVIDIA
• NVIDIA partners with Snowflake and ServiceNow
• Microsoft with similar “Copilot”

NVIDIA as the AI ​​market leader

The US chip company NVIDIA is one of the major players in the artificial intelligence (AI) market. The NASDAQ company offers its own AI solutions such as the services NeMo, Picasso and BioNeMo, which can be used in the training of language models, in image processing and in the pharmaceutical sector. In addition, with its powerful processors, NVIDIA also provides the necessary architecture for compute-intensive applications based on AI models. Piper Sandler analyst Harsh Kumar recently attested to the company being “the clear early market leader in the field of generative AI”.

NVIDIA’s collaboration with Snowflake

Now the group, based in Santa Clara, California, has announced a collaboration with the cloud company Snowflake. As part of the Snowflake Summit 2023, a company conference that took place from June 26 to 29, 2023 in Las Vegas, the cooperation partners promised a platform with which customized AI applications can be generated. According to “Yahoo Finance”, such applications are also referred to as “copilots”. Both NVIDIA’s language model platform NeMo and the secured Snowflake Data Cloud are used, as stated in an announcement. Business customers can use data stored in their Snowflake accounts to create language models, which in turn can be used for generative AI solutions such as chatbots, search functions or summaries. This enables users to adapt the models without having to transfer sensitive data from the Snowflake platform to other providers, where the data may not be optimally secured.

Lower costs and latency

“Data is the foundation for building generative AI applications that understand the complexities and unique voice of each business,” said NVIDIA CEO Jensen Huang in the announcement. “Together, NVIDIA and Snowflake will create an AI operation that will help companies transform their own valuable data into custom generative AI models to build breakthrough new applications – right from the cloud platform they use to run their businesses .” In addition to the NeMo toolkit, NVIDIA will also provide the technical infrastructure needed to train the AI ​​models. This gives business customers the opportunity to create and manage AI tools easily and securely – right where the necessary data can already be found. According to the two companies, this is not only cost-efficient, but also significantly reduces latency times. As of the end of April 2023, the Snowflake Data Cloud has more than 8,000 customers worldwide.

Similar cooperation with ServiceNow

NVIDIA announced a similar partnership with US cloud company ServiceNow back in May. Using NVIDIA software and infrastructure, ServiceNow delivers generative AI capabilities designed to help the company’s customers automate business processes that benefit IT teams, customer service, employees and developers. “As generative AI adoption accelerates, organizations are turning to trusted vendors with battle-tested, secure AI capabilities to increase productivity, gain a competitive advantage, and ensure data and intellectual property security,” ServiceNow revealed -President CJ Desai confident in a press release. “Together, NVIDIA and ServiceNow will help drive new levels of automation to increase productivity and maximize business impact.”

So if Snowflake customers can train AI models themselves, ServiceNow takes over this step for its business partners. However, the focus here is also on ensuring that data does not have to be moved to a third party in order to be used for AI solutions.

Also Microsoft with AI-Copilot

The announcements from NVIDIA, ServiceNow and Snowflake are also reminiscent of a new platform from Microsoft. The Windows developer is one of the major sponsors of the AI ​​company OpenAI and has already integrated its popular chatbot ChatGPT into some of its applications. Also in May, the Redmond-based IT group presented Azure AI Studio, an AI-supported application development tool that developers can use to quickly create, run and deploy applications on the Azure cloud computing platform. “With just a few clicks, developers can now build powerful AI models like OpenAI’s ChatGPT and GPT-4 on top of their own data,” the company said in a text post. “With the Azure OpenAI Service […]coming soon to public preview, and Azure Cognitive Search enable employees, customers, and partners to discover information hidden in the masses of data, text, and images using natural language-based app interfaces.” In contrast to However, NVIDIA’s latest AI co-pilot, Azure AI Studio, also includes simplified external data integration without sacrificing the security aspect, so Microsoft doesn’t seem ready to give up its share of the AI ​​market to NVIDIA without a fight, as the announcement shows.

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