About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Snowflake Cortex Simplifies Route to Deriving Value from Generative AI

Subscribe to our newsletter

Snowflake has unveiled Snowflake Cortex, an innovative managed service designed to simplify how organisations derive value from generative AI.

The service provides access to large language models (LLMs), AI models, and vector search functionality in the Snowflake Data Cloud, and includes serverless functions that help users accelerate analytics and build contextualised LLM-powered apps within minutes, as well as LLM-powered experiences that drive productivity in the data cloud.

“Snowflake is providing enterprises with the data foundation and cutting-edge AI building blocks they need to create powerful AI and machine learning apps while keeping their data safe and governed,” says Sridhar Ramaswamy, senior vice president of AI at Snowflake. “With Snowflake Cortex, businesses can tap into the power of large language models in seconds, build custom LLM-powered apps within minutes, and maintain flexibility and control over their data, while reimagining how users tap into generative AI to deliver business value.”

The serverless functions provide instant access to LLMs such as Meta AI’s Llama 2 model, task-specific models, and advanced vector search functionality. They are available through a function call in SQL or Python code and can be used by users of all skill sets to quickly analyse data or build AI apps running in the Snowflake Cortex infrastructure.

Snowflake has also built three LLM-powered experiences using Snowflake Cortex to enhance user productivity. Snowflake Copilot is an LLM-powered assistant that brings generative AI to everyday Snowflake coding tasks with natural language and allows users to ask questions of their data in plain text, write SQL queries against relevant data sets, refine queries and filter insights.

Universal Search is an LLM-powered functionality that enables users to quickly find and start getting value from the most relevant data and apps for their use cases, while Document AI uses LLMs to easily extract content like contractual terms from documents and fine-tune results using a visual interface and natural language.

Snowflake showcased these and other new solutions at its virtual Snowday today.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking Transparency in Private Markets: Data-Driven Strategies in Asset Management

As asset managers continue to increase their allocations in private assets, the demand for greater transparency, risk oversight, and operational efficiency is growing rapidly. Managing private markets data presents its own set of unique challenges due to a lack of transparency, disparate sources and lack of standardization. Without reliable access, your firm may face inefficiencies,...

BLOG

Diginex Labour Rights Expert Acquisition Highlights ESG Data Shift to Risk

Sustainability data and RegTech provider Diginex’s recent acquisition of The Remedy Project labour and human rights advisory illustrates how ESG is transforming from an investment strategy to a risk mitigation objective among financial companies. The London-based company, which last year purchased sustainability data and analytics provider Matter DK, anticipates that the The Remedy Project’s expertise...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Regulatory Data Handbook – Fourth Edition

Need to know all the essentials about the regulations impacting data management? Welcome to the Fourth edition of our A-Team Regulatory Data Handbook which provides all the essentials about regulations impacting data management. A-Team’s series of Regulatory Data Handbooks are a great way to see at-a-glance: All the regulations that are impacting data management today A...