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: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Pilot-to-Production Discussion to Open First AI in Data Management Summit NYC

The countdown has begun to the inaugural A-Team Group AI in Data Management Summit NYC. Leading figures from the worlds of data and finance will gather at the event to consider the most pressing matters facing them as their companies embed artificial intelligence into their operations. The Summit builds on the success of 15 years...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...