Snowflake Inc. (SNOW) Partners with Anthropic to Enhance AI Data Cloud with Advanced Enterprise AI Capabilities

Insider Monkey11-22 16:56

We recently compiled a list of the 10 Trending AI Stocks Making Waves Today. In this article, we are going to take a look at where Snowflake Inc. (NYSE:SNOW) stands against the other trending AI ...

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(SNOW) Partners with Anthropic to Enhance AI Data Cloud with Advanced Enterprise AI Capabilities\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 16:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/snowflake-inc-snow-partners-anthropic-085653474.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled a list of the 10 Trending AI Stocks Making Waves Today. In this article, we are going to take a look at where Snowflake Inc. (NYSE:SNOW) stands against the other trending AI ...</p>\n\n<a href=\"https://finance.yahoo.com/news/snowflake-inc-snow-partners-anthropic-085653474.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4535","symbol_name":"淡马锡持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/snowflake-inc-snow-partners-anthropic-085653474.html","article_id":"2485523758","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/5Bq6_3XQ4C8X7hStuTOYeg--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/4a25e1c441831c55a553ed49bcb06b8e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485523758","pubTimestamp":1732265813,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the 10 Trending AI Stocks Making Waves Today.In this article, we are going to take a look at where Snowflake Inc.  stands against the other trending AI stocks that are making waves today.Is artificial intelligence a tool for the rich countries and the wealthy?Even if it is, Chinese President Xi Jinping warns that it shouldn’t be. At the Group of 20 Summit in Rio de Janeiro, Xi noted that AI shouldn’t be a game of the affluent, calling on more international governance and cooperation on the matter. In a separate meeting in Peru, Xi and Joe Biden also agreed that human beings, and not artificial intelligence, should be making decisions about nuclear weapons, as reported by The White House.Why are we interested in the stocks that hedge funds pile into?The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap st","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4535":"淡马锡持仓","LU0109392836.USD":"富兰克林科技股A","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","BK4559":"巴菲特持仓","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","BK4588":"碎股","BK4116":"互联网服务与基础架构","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","AEIS":"先进能源工业公司","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","BK4505":"高瓴资本持仓","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","BK4581":"高盛持仓","BK4548":"巴美列捷福持仓","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","SNOW":"Snowflake","BK4585":"ETF&股票定投概念","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","BK4157":"电子设备和仪器","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H"},"translate_title":"Snowflake Inc.(SNOW)与Anthropic合作，通过先进的企业人工智能功能增强人工智能数据云","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNOW":1,"AEIS":1},"content_text":"We recently compiled a list of the 10 Trending AI Stocks Making Waves Today. In this article, we are going to take a look at where Snowflake Inc. (NYSE:SNOW) stands against the other trending AI stocks that are making waves today.\nIs artificial intelligence a tool for the rich countries and the wealthy? Even if it is, Chinese President Xi Jinping warns that it shouldn’t be. At the Group of 20 Summit in Rio de Janeiro, Xi noted that AI shouldn’t be a game of the affluent, calling on more international governance and cooperation on the matter. In a separate meeting in Peru, Xi and Joe Biden also agreed that human beings, and not artificial intelligence, should be making decisions about nuclear weapons, as reported by The White House.\nREAD NOW: 10 AI News Stories You Can’t Miss and 15 AI News Making Waves Right Now \nThe call for equitable AI development and responsible decision-making underscores the growing global focus on AI's impact, and all the latest developments being made in the AI realm. As the global race to advance AI accelerates, one country striving to secure its position in this competitive landscape is Japan. The country is reportedly readying a $65-billion push in microchips and artificial intelligence, as revealed by Japanese Prime Minister Shigeru Ishiba this month. The move comes amid the country’s efforts to reclaim its status as a global tech leader.\nNews like these underscores how artificial intelligence continues to be a dominant theme in the business world. A Cisco 2024 AI Readiness Report reveals how companies around the world realize that the momentum for AI deployment is building fast, pulling up immense pressure on them in the process. However, only 13% of companies are ready to leverage AI and AI-powered technologies to their full potential. This is a 1-point decline from last year. Even though organizations are doing their best to leverage AI, the ROI is nowhere in the picture for many.\nAccording to an AI consultant Rider Harris, some major reasons for companies failing to reap ROIs are that they probably invested in a bad tool, they weren’t trained enough (or at all), there’s a lack of excitement on the fear that AI may take their job away, or there may even be a lack of resources for employees to adequately make use of or navigate those tools.  This is why focusing on aspects such as training employees, getting them excited about the AI tool, and providing adequate resources can go a long way.\nFor this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform. \nSnowflake Inc. (NYSE:SNOW)\nNumber of Hedge Fund Holders: 71\nSnowflake Inc. (NYSE:SNOW) is an artificial intelligence data cloud company.\nOn November 20, Snowflake Inc. (NYSE:SNOW) announced that it has teamed up with AI firm Anthropic to build up its cloud services. The multi-year partnership will enable enterprises to develop and expand AI tools, apps, and workflows powered by the most advanced AI models. Anthropic will allow its customers to use Snowflake’s large language models to develop and enhance their own AI applications. Using Anthropic’s technology, Snowflake’s AI agents will be able to analyze data, and generate visualizations, amongst other functions.\n\n“Our partnership with Anthropic represents a massive leap forward in expanding on our promise to provide thousands of global customers with easy, efficient, and trusted AI for a holistic set of enterprise use cases. By bringing Anthropic’s industry-leading models to customers’ enterprise data where it already lives, within the security and governance boundaries of the AI Data Cloud, we will unleash new ways for businesses to harness this data for agentic use cases, coding assistants, document chatbots, unstructured data analytics, and more.”\n- Christian Kleinerman, EVP of Product, Snowflake.\n\nOverall SNOW ranks 5th on our list of the trending AI stocks that are making waves today. While we acknowledge the potential of SNOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than SNOW but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.   \nDisclosure: None. This article is originally published at Insider Monkey.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Product Release","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485523758"}