Legacy tech giants like Oracle, SAP, and IBM defy the odds with significant gains amidst the AI boom, challenging misconceptions about their cloud competitiveness.
Snowflake
New partnership advances open-source AI models by making Meta’s Llama 3 available through the Snowflake Cortex AI service, helping to democratize the technology.
Snowflake delivers mandatory multi-factor authentication (MFA) option so customers can exert stronger access controls.
There have been changes in the Cloud Wars Cloud & AI Confidence Index; where the major cloud companies stand and what’s driving them to new heights.
The Cloud and AI Confidence Index shows a 12.5% increase, with notable gains for Microsoft, Google, Oracle, and Amazon, while others face declines.
Data cloud provider Snowflake aims to provide ABB startup accelerator firms with technology and expertise to accelerate their products’ time to market.
Celonis adds new AI functionality to its Process Intelligence Graph and makes it easier to integrate with customers’ data platforms and systems of record.
Q1 saw growth rate acceleration among the Cloud Wars Top 10 companies, with Google Cloud leading the charge followed by Oracle and ServiceNow each growing at 25%.
Review the updated Cloud Wars Growth Chart, led by Google Cloud which delivered the highest growth rate of the quarter.
ServiceNow CEO Bill McDermott positions the company as “the AI platform for business transformation” amidst soaring GenAI adoption.
Snowflake’s Arctic LLM is based on open-source code, pulls insights from various sub-models, and delivers enterprise-grade performance vs. alternatives.
New data clean room app — integrated into the Snowflake Data Cloud — makes cross-company, cross-cloud data sharing secure and easily accessible.
Snowflake and Mistral AI partner to put a powerful set of LLMs into the hands of Data Cloud customers so they can build and host scalable AI applications.
Snowflake announced a strategic investment in Landing AI as well as a partnership to integrate the company’s computer vision platform into the Snowflake Data Cloud.
SAP intensifies focus on data with GenAI capabilities in Datasphere, refraining from “data cloud” terminology despite potential customer alignment.
SAP’s Datasphere platform plays a significant role in the evolving landscape of cloud technologies and data management, with implications for customer decision-making.
Snowflake’s Frank Slootman steps aside as CEO and the company appoints new CEO Sridhar Ramaswamy at a pivotal moment, with the importance of AI increasing rapidly.
Businesses exhibit strong confidence in cloud and AI, reflected in soaring RPO and backlog figures from Workday, Snowflake, and Salesforce. Substantial long-term commitments highlight aggressive investments in these companies’ software.
Workday’s recent strong fiscal performance includes impressive subscription revenue growth and substantial backlog.
Highlighting optimistic subscription-revenue trends for Workday, decoding Salesforce’s cautiously optimistic signals for a potential growth turnaround, and expecting continued strong growth for Snowflake driven by AI and expanding data initiatives.