For training and running generative AI models in the Snowflake Data Cloud, Nvidia is taking a “fairly engineering-intensive” move by embedding its NeMo platform
To allow customers ranging from financial institutions to healthcare and retail to build AI models using their own data, Snowflake, a cloud data analytics company, has partnered with computing company Nvidia.
At Snowflake Summit 2023 on Monday, the two companies announced their partnership.
“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 a pile of proprietary data that’s so valuable to a company, then you move the compute to the data.”
For training and running generative AI models in the Snowflake Data Cloud, Nvidia is taking a “fairly engineering-intensive” move by embedding its NeMo platform, said Huang.
The partnership comes as chatbot ChatGPT has pushed many companies to find their AI strategies and has propelled Nvidia, which provides the main hardware for AI, to becoming a trillion-dollar company.
“This is significant. This is the last mile that we’ve been waiting for for 40 years,” said Frank Slootman, Chairman and CEO of Snowflake. “Every industry is on this. They used to say software was eating the world. Well, now data is eating software,” he said about the importance of data today.
To gain an advantage in business without risking losing control of it, companies that use Snowflake to manage their data will now be able to use their own data to train new AI models, Slootman said.
Nvidia would benefit as more customers use computing for AI work, said Huang, without disclosing any financial details of the partnership.
“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.
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