Snowflake Inc. has announced that it is expanding its partnership with Microsoft to incorporate generative AI to its Data Cloud product. The partnership was revealed during the kick-off of Snowflake’s Summit 2023 event in Las Vegas.
Microsoft, which operates Azure, its own public cloud service, has invested billions in OpenAI, the company behind the AI ChatGPT, which made headlines this year.
The expansion of the partnership between Snowflake and Microsoft will allow data scientists from both companies to build new integrations between the Data Cloud and Azure ML. They will also be able to leverage integrations with Azure OpenAI and Microsoft Cognitive Services to bring new and exciting possibilities to data analysis and integration.
Snowflake’s Data Cloud product provides businesses with a solution to access their data from multiple sources and silos. The partnership with Microsoft will now allow Snowflake customers to use generative AI to analyze their data, making data analysis and integration faster and more accurate than ever before.
As of year to date, Microsoft shares have increased by 38%, and Snowflake’s by 23%. Meanwhile, the Dow Jones Industrial Average, which includes Microsoft among its 30 components, has only increased by 1.5%. The S&P 500 index has seen a growth of 13%, and the Nasdaq Composite has risen by an impressive 28%.
With generative AI set to change the future of data analysis and integration, Snowflake and Microsoft’s partnership could revolutionize the industry as we know it.