Published -June 27th, 2023 @ 09:30 AM (GMT+2)

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Snowflake and Nvidia Form Landmark Partnership
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Snowflake Inc. (NYSE:SNOW) and Nvidia Corp. (NASDAQ:NVDA) have unveiled a significant partnership at Snowflake Summit 2023, aiming to facilitate businesses in building customized generative artificial intelligence (AI) applications securely, using their proprietary data in the cloud.

Generative AI, considered a virtual assistant by many enterprises, augments employee knowledge by answering questions, summarizing information, and providing research using data already available within the company. Hence, AI models demand access to a vast quantity of company-specific data.

In response to this need, Snowflake's Data Cloud provides a solution where customers can input proprietary data into large language models (LLMs) for customization. This process enables the training and fine-tuning of generative AI chatbots without the need to move the data, ensuring governance, security, privacy, and reduced overhead.

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Nvidia's NeMo Enhances AI Training Capabilities for Snowflake
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Collaboration with Nvidia further boosts Snowflake's capabilities. With Nvidia's NeMo—an end-to-end enterprise framework for building, customizing, and deploying generative AI models—Snowflake customers can now access LLM foundation models and training tools.

Nvidia likens an LLM foundation model to a new employee with basic skills such as answering general questions and producing code. However, the real value comes from customizing this LLM with company-specific knowledge and information.
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The Fusion of Data Cloud and NeMo: A Game Changer for Businesses
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Companies can now use the combination of Data Cloud and NeMo to train LLMs with skills unique to their business domain and secure access to data sources within the cloud. This integration also reduces costs and latency, enabling the creation, management, and deployment of generative AI applications in situ.
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This emphasis on domain-specific data boosts the efficacy of tailor-made generative AI models, particularly within specialized industries. With Snowflake's unified cloud data platform providing industry-specific data clouds, enterprises within fields like advertising, healthcare, and finance can use NeMo to deliver custom generative AI apps in conjunction with these data clouds.
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Snowflake customers also benefit from Nvidia's NeMo Guardrails, a software mechanism that ensures the accuracy and security of generative AI models during operation. This tool helps limit AI models' unexpected behavior, often referred to as "hallucinations" in the industry.

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Nvidia's AI Boom and Market Growth
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The boom in AI technology has been particularly beneficial for Nvidia, with its shares experiencing a 159% increase over the last 12 months and 189% year-to-date.
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