Nvidia partners with Snowflake to allow companies to build AI models with their own data

On Monday, Snowflake, a cloud data analytics company, and Nvidia, a chips provider company announced their partnership to allow customers in healthcare, finance, and retail to create AI models using their own data.   

At the Snowflake Summit 2023, Nvidia Chief Executive, Jensen Huang said, “In the old days, in small data computing, you moved data to the computer, 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.”

Nvidia plans to integrate NeMo platform 

By integrating Nvidia’s NeMo platform for building and executing generative AI models into the Snowflake Data Cloud, the chip provider company is making a 'fairly engineering intensive' decision in this situation, according to Huang. NeMo platform is basically an end-to-end cloud-native enterprise framework for developers to build, customise, and deploy generative AI models with billions of parameters. 

The agreement comes at a time when ChatGPT, an OpenAI chatbot, has compelled numerous businesses to develop their AI strategies and has helped Nvidia, which supplies the primary hardware for AI, and thus 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.

Companies may lessen its reliance on Snowflake 

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. With the help of Nvidia’s NeMo integration, enterprises can simply harness their data in Snowflake accounts to create LLMs for cutting-edge generative AI services such as chatbots, search, and summarisation.  

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Nvidia's head of enterprise computing, Manuvir Das, highlighted that this cooperation stands out from others by allowing users to modify their generative AI models over the cloud to suit their unique business requirements.

Although the partnership's financial terms were not made public, Huang claimed that Nvidia would be benefited as more customers use 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.