With the help of a partnership between cloud data analytics provider Snowflake and the computer manufacturer Nvidia, customers in the retail, healthcare, and finance sectors will be able to create AI models using their own data.
The cooperation was declared by the two businesses on Monday at Snowflake Summit 2023.
"In the old days, in small data computing, you moved data to the computer," Nvidia Chief Executive Jensen Huang told Reuters. "But when you have giant amounts of data like Snowflake does, and the pile of proprietary data ... data that's so valuable to a company, then you move the compute to the data."
By integrating its NeMo platform for building and executing generative AI models into the Snowflake Data Cloud, Nvidia is making a "fairly engineering intensive" decision in this situation, according to Huang.
The agreement comes at a time when ChatGPT, a chatbot, has compelled numerous businesses to develop their AI strategies and has helped Nvidia, which supplies the primary hardware for AI, reach the trillion dollar mark.
"This is significant. This is the last mile that we've been waiting for 40 years," said Frank Slootman, Chairman and CEO of Snowflake. "Every industry is on this. They used to say software is eating the world. Well, now data is eating software," he said about the importance of data today.
Slootman claimed that organisations that utilise Snowflake to manage their data will now be able to train new AI models using their own data without running the danger of losing control of it.
Although the partnership's financial terms were not made public, Huang claimed that Nvidia will gain as more clients used computing for AI work.
"We sell more chips, and we have an operating system for AI called Nvidia AI Enterprise. And that operating system makes it possible for our chips to process AI," said Huang. Nvidia charges customers for the use of its Nvidia AI Enterprise software.
(Source:www.businesstoday.in)
The cooperation was declared by the two businesses on Monday at Snowflake Summit 2023.
"In the old days, in small data computing, you moved data to the computer," Nvidia Chief Executive Jensen Huang told Reuters. "But when you have giant amounts of data like Snowflake does, and the pile of proprietary data ... data that's so valuable to a company, then you move the compute to the data."
By integrating its NeMo platform for building and executing generative AI models into the Snowflake Data Cloud, Nvidia is making a "fairly engineering intensive" decision in this situation, according to Huang.
The agreement comes at a time when ChatGPT, a chatbot, has compelled numerous businesses to develop their AI strategies and has helped Nvidia, which supplies the primary hardware for AI, reach the trillion dollar mark.
"This is significant. This is the last mile that we've been waiting for 40 years," said Frank Slootman, Chairman and CEO of Snowflake. "Every industry is on this. They used to say software is eating the world. Well, now data is eating software," he said about the importance of data today.
Slootman claimed that organisations that utilise Snowflake to manage their data will now be able to train new AI models using their own data without running the danger of losing control of it.
Although the partnership's financial terms were not made public, Huang claimed that Nvidia will gain as more clients used computing for AI work.
"We sell more chips, and we have an operating system for AI called Nvidia AI Enterprise. And that operating system makes it possible for our chips to process AI," said Huang. Nvidia charges customers for the use of its Nvidia AI Enterprise software.
(Source:www.businesstoday.in)
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