Thomson Reuters Building AI, Data Platform on Snowflake

MT Newswires Live06-02 22:09

Snowflake (SNOW) said Tuesday that Thomson Reuters (TRI) is building its enterprise AI and data platform using Snowflake products.

The company said over 1,500 Thomson Reuters internal users like data engineers, analysts, and others use Snowflake to access governed data and generate insights for their workflows.

Thomson Reuters is using Snowflake's Cortex AI to turn complex regulatory data into real-time insights and accelerate intelligent app development, as well as coding agent CoCo to allow its employees to turn legacy systems into Snowflake faster, Snowflake said.

Snowflake and Thomson Reuters shares were falling 7.3% and 4.9%, respectively, in Tuesday trading.

Price: 259.72, Change: -20.44, Percent Change: -7.30

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